Productivity and National Standards of Living (CRS Report for Congress)
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| Release Date |
July 5, 2007 |
| Report Number |
RL34073 |
| Report Type |
Report |
| Authors |
Brian W. Cashell, Government and Finance Division |
| Source Agency |
Congressional Research Service |
Summary:
There is little question that rising productivity is the single most important factorbehind rising living standards, but the proportion of a nation's population that isworking is also important. The larger that proportion is, the more goods and servicesthere are to go around. The share of the population that is working is only partlysubject to the influence of policymakers. The size of the labor force is largely afunction of demographic factors, but the share of that labor force that is employedcan vary with short-term economic conditions, as well as policies that affect the costof labor.
