Question

What happens when productivity increases?

Answer 1

Explanation:

Productivity in Economics

An increase in physical productivity causes a corresponding increase in the value of labor, which raises wages. That is why employers look for education and on-the-job training. Knowledge and experience increase the human capital of the workers and make them more productive.

Answer 2

Answer:

An increase in physical productivity causes a corresponding increase in the value of labour which raises wages

Explanation:

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