Correlation ... and causation?

03 Jun 2016 8:15 PM | John Heap (Administrator)

Two recent sets of figures from the USA raise a question of 'connectivity'/  Labour productivity refuses to rise - and investment in plant and equipment has declined over the last 10 years.  These can probably be correlated but is there a causal relationship?


Well, I can't prove anything but let's just say that labour productivity rises most quickly when capital is substituted for labour.


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