Tag: Manufacturing Productivity
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Phenomenal Gains in Manufacturing Productivity
Carpe Diem: Phenomenal Gains in Manufacturing Productivity … In other words, the average American factory worker today produces more output in an hour than his or her counterpart produced working almost a ten hour day in 1947 – and that's why we're producing record levels of output with fewer workers. …
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The Impact of American Manufacturing Productivity
The media is filled with stories today about Obama and Clinton, each trying to anti-NAFTA each other. Mark Perry has a fascinating post today about this at Carpe Diem (Home of the coolest economics graphs on the web.) First, there is this graph: This normalized to 2002 output levels. Except for the dip due to…