| Line 178: |
Line 178: |
| | *[https://www.investopedia.com/ask/answers/031815/what-determines-labor-productivity.asp What Determines Labor Productivity?], Investopedia | | *[https://www.investopedia.com/ask/answers/031815/what-determines-labor-productivity.asp What Determines Labor Productivity?], Investopedia |
| | *[https://knowledge.wharton.upenn.edu/article/how-to-measure-and-improve-labor-productivity/ How to Measure — and Improve — Labor Productivity], Wharton School of the University of Pennsylvania. | | *[https://knowledge.wharton.upenn.edu/article/how-to-measure-and-improve-labor-productivity/ How to Measure — and Improve — Labor Productivity], Wharton School of the University of Pennsylvania. |
| − |
| |
| − | === Labor productivity of the United States ===
| |
| − |
| |
| − | ''See also:'' [[Labor productivity rate of the United States]]
| |
| − |
| |
| − | In terms of the quality of its labor, the U.S. labor market is in line with those of other developed countries.<ref>[https://www.britannica.com/place/United-States/Transportation United States - Strengths and weaknesses]</ref>
| |
| − |
| |
| − | ==== United States in comparison to other countries in the world as far as labor productivity ====
| |
| − | <br />
| |
| − | [[File:Map of labor productivity around the world.png|thumbnail|1250px|center|Investopedia says about the importance of labor productivity to an economy, "Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Labor productivity is directly linked to improved standards of living in the form of higher consumption."<ref>[https://www.investopedia.com/terms/l/labor-productivity.asp Labor Productivity: What It Is, How to Calculate & Improve It], Investopedia</ref>
| |
| − | <br />
| |
| − | <br />
| |
| − | According the Yahoo Finance: "According to Yahoo Finance: "Efficiency in production, also coined as productivity, is one of the major driving forces behind economic resilience in a country... The United States has one of the strongest economies in the world. The country hosts some of the largest companies in the world, which contributes to the high GDP per capita in the country."<ref>[https://finance.yahoo.com/news/25-most-productive-countries-per-185738034.html 25 Most Productive Countries Per Capita], Yahoo Finance</ref>
| |
| − | <br />
| |
| − | <br />
| |
| − | As can be seen in the map above, the USA has one of the highest labor productivity rates in the world.<ref>[https://worldpopulationreview.com/country-rankings/most-productive-countries Most Productive Countries 2024]</ref>]]
| |
| | | | |
| | === Liz Truss saying British workers lacked the "skill and application" of foreign nationals === | | === Liz Truss saying British workers lacked the "skill and application" of foreign nationals === |