1973: Why Productivity is Important

  • Geoffrey H. Moore


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?


Productivity Growth Real Wage Consumer Price Index Productivity Gain Unit Labor Cost 


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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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