How does government policy relate to productivity, and what do the two have to do with business policy? According to Dahl, “to increase the growth of per capita income, more of the state’s population could work”, however recent statistic show a decline in workers entering the labor force (Dahl, 1990). Dahl’s point however, is that if the productivity of individual workers were to increase marginally, then personal income would still grow despite a decline in the number of people working. This in turn could result in a reduced budgetary gap and greater personal wealth. Productivity has the power …
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Munnell, Alicia. “Why Has Productivity Growth Declined? Productivity and Public Investment” pp. 3-21, New England Economic Review. Jan-Feb, 1990
Scherer, F.M …