If labor productivity increases,wages can rise without sacrificing jobs.

Question

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When labor productivity increases, businesses are able to produce more output with the same amount of labor input. This means that businesses can afford to pay higher wages without needing to eliminate jobs in order to maintain profitability. In fact, higher productivity can lead to job growth as businesses expand their operations to meet increased demand for their products or services.

If Labor Productivity Increases,wages Can Rise Without Sacrificing Jobs