Why Productivity Matters.It is sometimeseasy to overlook the importance of produ

Why Productivity Matters.It is sometimeseasy to overlook the importance of productivity. National figuresare often reported in the media. They may seem to be ho-hum;theres nothing glamorous about them to get our attention. But makeno mistake; they are key economic indicatorsbarometer if youwill that affect everybody. How? High productivity and highstandard of living go hand-in-hand. If a country becomes moreservice-based as the United States has become some (but not all)high-productivity manufacturing jobs are replaced bylower-productivity service jobs. That makes it more difficult tosupport a high standard of living.