The word on work
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Manufacturing News, Source : TheManufacturer.com
Published : 29 Aug 2003 14:44
The Employment Policy Foundation released this week its annual Workplace Report, which focuses on employment and production issues. The findings show that even with many issues of uncertainty, progress continues apace.
According to the report, total output per worker was $77,427 in 2002, nearly four times the level ($20,182 in equivalent dollars) in 1929. The increase in per worker output occurred despite a decrease in hours worked per worker. Total worldwide gross output amounted to $32.2 trillion in 2001.
The U.S. accounted for nearly one-third of total world production with annual output of $10.7 trillion in early 2003. U.S. gross domestic product exceeds the combined output of the next five largest producing nations.
(EPF) is a nonprofit, nonpartisan public policy research and educational foundation based in Washington, D.C. focused on workplace trends and policies. For a full copy of the report, go to http://www.epf.org.
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