Discuss the topic of productivity in short. Is the United States still productive and/or competitive in manufacturing from a World Class standpoint?
Please support your answer.
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What's right with the US economy?
The U.S. has lost some ground in production and manufacturing competitive fronts, but the country still remains strong. It holds approximately 20% of the world's manufacturing production and along with construction, is among the top producers in the world. While China is poised to take over as the most productive within the next ten years, there have been some doubts raised about the actual move to the top spot. China continues to raise wages and therefore the separation between the rest of the elite and China is slowly closing. It is not ...
The solution discusses productivity in the United States.