Some say the days of our Economic Growth are numbered that soon there wont be enough basic raw materls. Are the prophets of doom correct . This has been americas century. Giant steps of Economic Growth have taken us from the auto age to the space age. Our Real Gross National Product has increased tenfold. Our real income per person has tripled. Can we keep up the pace . With the help of analyst richard gill well examine that question on this edition of economics usa. The improvement in our standard of living can be tied to our Economic Growth since 1900. Average workers enjoy three times as many goods. All of this because of a continuing increase in productivity, the engine of growth. 70 years ago in the Auto Industry a productivity revolution took off. How did it begin . Why was it successful . Turn of the century autos were playthings of the rich. Their purpose was not wholly clear. Perhaps they were best in static pose. Certainly, Auto Industry growth was static. Dozens of models de
Can Less Government lead to more proctivity . Productivity growth is a crucial but almost invisible element in our economic wellbeing, something we take for granted until it slows down. That happened in the 1970s. We had a blizzard of suggestions for dealing with productivity. How do we get more for less . With the help of analyst richard gill, well examine that question on economics usa. Im david schoumacher. Captioning made possible by the Annenberg Cpb project economists see the world in terms of supply and demand. Put simply, demand is the appetite to consume. Supply is the ability to produce. Productivity holds the supply side together. As long as productivity continues to improve, our standard of living continues to improve. This is the classic widget factory. This machine will put the stick in a deodorant tube. It if works, well have more deodorant and fewer hours of work putting tubes together. Thats productivity. American productivity has been an economic marvel of the industr
But almost invisible element in our economic wellbeing, something we take for granted until it slows down. That happened in the 1970s. We had a blizzard of suggestions for dealing with productivity. How do we get more for less . With the help of analyst richard gill, well examine that question on economics usa. Im david schoumacher. Captioning made possible by the Annenberg Cpb project economists see the world in terms of supply and demand. Put simply, demand is the appetite to consume. Supply is the ability to produce. Productivity holds the supply side together. As long as productivity continues to improve, our standard of living continues to improve. This is the classic widget factory. This machine will put the stick in a deodorant tube. It if works, well have more deodorant and fewer hours of work putting tubes together. Thats productivity. American productivity has been an economic marvel of the industrial age. But by the late 1970s, our rate of productivity growth had slumped ala
Can Less Government lead to more productivity . Productivity growth is a crucial but almost invisible element in our economic wellbeing, something we take for granted until it slows down. That happened in the 1970s. We had a blizzard of suggestions for dealing with productivity. How do we get more for less . With the help of analyst richard gill, well examine that question on economics usa. Im david schoumacher. Captioning made possible by the annenberg cpb project economists see the world in terms of supply and demand. Put simply, demand is the appetite to consume. Supply is the ability to produce. Productivity holds the supply side together. As long as productivity continues to improve, our standard of living continues to improve. This is the classic widget factory. This machine will put the stick in a deodorant tube. It if works, well have more deodorant and fewer hours of work putting tubes together. Thats productivity. American productivity has been an economic marvel of the indus
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