With the rather stable ratio of labor force to total…
“With the rather stable ratio of labor force to total population, a high rate of increase in per capita product means a high rate of increase in product per worker; and, with average hours of work declining, it means still higher growth rates in product per man-hour.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Higher labor productivity and reduced work hours together drive faster economic growth per worker.
In simple terms: More output per worker fuels growth.
Key Takeaway
Invest in productivity and work‑hour efficiency.
Themes
economics
productivity
growth
Mood
analytical
informative
Type
economic
strategic
When to use this quote
- business strategy
- government policy
- career planning
- technological development
Key Concepts
macroeconomics
labor economics
Questions to Reflect On
- What policies ensure growth benefits all workers?
- How do shorter work hours affect quality of life?
A Different Perspective
Focusing only on productivity may overlook worker wellbeing and inequality.