Interpret the table on the relationship between factor productivity and real wages for the USA. Total
Fantastic news! We've Found the answer you've been seeking!
Question:
Interpret the table on the relationship between factor productivity and real wages for the USA.
- Total time period: 1960-2010 | Growth rate of labor productivity: 2.2% | growth rate of real wages: 1.9%
- 1960-1973 | Growth rate of labor productivity: 2.9% | growth rate of real wages: 2.8%
- 1973-1995 | Growth rate of labor productivity: 1.4% | growth rate of real wages: 1.2%
- 1995-2010 | Growth rate of labor productivity: 2.7% | growth rate of real wages: 2.2%
Related Book For
Posted Date: