What do the facts say about growth in labor productivity

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Reference no: EM13237927

"From 1950 to 2000, manufacturing employment as a percentage of total employment in the US economy fell from 28% to 13%. At the same time, manufacturing output experienced slightly more rapid growth than hte overall economy.
a) What do these facts say about growth in labor productivity in manufacturing?
b) In your opinion, should policy makers be concerned about the decline in the share of manufacturing employment? Explain.

Reference no: EM13237927

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