A slowdown in average labour productivity growth leads to

Question

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A slowdown in average labour productivity growth means that the rate at which output per worker is increasing is lower than before. This implies that there will be less rapid improvement in living standards, as there will be a slower increase in real wages and purchasing power. However, this does not necessarily mean falling living standards or lower life expectancy, as these are determined by a range of other factors. Nor does it imply declining total production or rising inflation, as these are affected by other variables such as the level of demand, investment, and monetary policy.

A Slowdown in Average Labour Productivity Growth Leads to