3 ms·
Total integrated (productivity * worker hours) lowers when workers fall faster than productivity improves.
by mensetmanusman 2y ago
Total integrated (productivity * worker hours) lowers when workers fall faster than productivity improves.
- baggy_trough 2y agoThat's true but we don't know what the slope of those curves are. Also, less productivity is needed in total to support a lower population at the same standard of living.