Sunday, March 15, 2020

What is the impact of increased productivity on employment?

Nelly Kikuchi: When an economy has a higher productivity and output, employment would naturally go up because of more available jobs and companies having more money to spend on labor and new factories/stores etc.

Len Bormes: Better results.

Willis Liburd: Since economics is the subject of supply and demand, increased productivity is logically the result of an increase in demand.Increased productivity demands increased labor. An increase in labor is equal to an increase in employment.QED !...Show more

Chauncey Williama: It will increase employment. More production means more work and more work means more jobs.

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