559. In virtually any industry, technological improvements increase labor …

In virtually any industry, technological improvements increase labor productivity, which is the output of goods and services per person-hour worked. In Parland's industries, labor productivity is significantly higher than it is in Vergia's industries. Clearly, therefore, Parland's industries must, on the whole, be further advanced technologically than Vergia's are. The argument is most vulnerable to … Continue reading 559. In virtually any industry, technological improvements increase labor …