Question: If workers in developing Asian economies work more hours than Americans, why are they not the worlds most productive? Americans work longer hours than workers
Americans work longer hours than workers in other rich nations. Americans also produce more per person over the year but only part of the U.S. productivity growth can be explained by the longer hours Americans work. Americans also create more wealth per hour of work. U.S. employees worked an average of 1,804 hours in 2006, compared to 1,564.4 for the French, but far less than the 2,200 hours that Asians work. But in the Asian countries the average productivity is lower.
Step by Step Solution
3.35 Rating (161 Votes )
There are 3 Steps involved in it
It is likely the case that the aggregate production functions in the Asian econom... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
698-B-E-M-E (5033).docx
120 KBs Word File
