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1973: Why Productivity is Important

  • Geoffrey H. Moore

Abstract

In recent months productivity has almost become a household word in view of the wider understanding that (1) long-term growth in productivity is a key to greater real income, and (2) productivity gains enhance the prospect for containing inflation. What are the facts underlying these propositions?

Keywords

Productivity Growth Real Wage Consumer Price Index Productivity Gain Unit Labor Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Geoffrey H. Moore 2016

Authors and Affiliations

  • Geoffrey H. Moore
    • 1
  1. 1.National Bureau of Economic Research and Stanford UniversityUSA

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