2 recent sets of figures from the USA raise a question of 'connectivity'/ Labour productivity refuses to rise - and investment in plant and equipment has declined over the last 10 years. These can probably be correlated but is there a causal relationship?
Well, I can't prove anything but let's just say that labour productivity rises most quickly when capital is substituted for labour.
How do you compare to the US? Still investing? Productivity rising?
Well, I can't prove anything but let's just say that labour productivity rises most quickly when capital is substituted for labour.
How do you compare to the US? Still investing? Productivity rising?
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