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The "Decline" Of U.S. Manufacturing: Empirical Evidence And Policy Implications, Murray L. Weidenbaum, Michael J. Athey
The "Decline" Of U.S. Manufacturing: Empirical Evidence And Policy Implications, Murray L. Weidenbaum, Michael J. Athey
Murray Weidenbaum Publications
This paper focuses on output as a prime indicator of the economic performance of business firms. Decline in the labor force does not necessarily mean that overall productivity is declining as well, due to factors such as improved technology.