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Productivity An Examination of Underlying Causes
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One of the most provoking issues discussed today is the problem of
productivity decline in the U.S. economy as a whole. It is of great interest
because of its fundamental effect on the health of the U.S. economy and on the
general well-being of its populace. The mystery of this phenomenon has been
vigorously pursued by professionals from all fields of endeavor and has
generated hundreds, perhaps thousands, of responses offering possible causes
and potential solutions.
One of the first problems encountered is how to define and measure
productivity. In previous papers (Zannetos, et al., 1981b, 1982a) we have
examined and critiqued much of the research that has been done in the area of
measurement of productivity and suggested a framework for such. In doing so
we found value-added over salaries and wages to be the measure that best
satisfies the criteria of consistency, homogeneity, robustness, and validity.
We also have spent some time examining the components of this measure as they
change over time in order to decipher certain trends (Zannetos, et al,
1982b). However, while this enables us to more clearly understand what it is
that we are discussing, it does not tell us what causes these individual
components to change over time. It is this issue that we address in this
paper.
1000279638
NONE
Management
English
2013
1-70
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