Average Quote by Simon Kuznets
“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
Source Book: National Economic Growth, 1966
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.
