ACTV - Economic Growth Labor Productivity And Investment
2024-04-25 09:10:00 ET
Summary
- Over short time periods, such as a few quarters or a couple of years, productivity correlates very strongly with gross domestic product.
- Total output drives the market opportunity of companies.
- Total output is simply labor productivity multiplied by the amount of labor.
Labor productivity-output per hour worked-drives long-run economic growth. Business leaders looking beyond the next two years will find that their companies' fortunes are tied to the economy's growth rate as well as their own acumen as managers....
Economic Growth, Labor Productivity And Investment