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220 美国服务业
P1: 制造业不是productivity growth增长缓慢的原因。Manufacturing constitutes a small proportion of the economy. Service sector has grown since 1970s, its productivity growth declined. Several explanations :
1.traditional measures fail to reflect, because it focus on quality. SS declined while manu productivity increase. Why? A: No global competitive pressure(but pressure on manufacturing workers in US to work more efficiently is overstated. there were Jobs lost due to foreign competition, but many more because slow growth in demand of manu goods)
P2: 2. federal budget deficit: low def-lower interest rate- more investment. However, service sector manager 没能利用好widely available skills和machines的优势. SSM implement available tech and choose skillful workers can sig improve companies’ productivity. The culprits (罪魁祸首,犯罪嫌疑人)of SSP stagnation(静止) are the forces that distract managers from the task of making optimal (最佳的 最合适的)use of a r |
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