Men · Machines · Productivity

more with less effort in the same time at less cost than they did a year ago and the year before that. The average productivity in this country as a whole has been increasing at the rate of 3.5% a year. The President’s Economic Advisory Council and the Joint Committee of Congress have both said that, to have a stable economy, we need to increase production at the rate of over 4% a year. Our need for increased productivity is indicated by the fact that while the nation’s labor supply was increasing 14%, our demand for goods and services increased 40%. The age of automation is here to stay. In fact, we are going to see