Download Full Text (3.5 MB)
Working Paper 87
Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130
This paper focuses on output as a prime indicator of the economic performance of business firms. Decline in the labor force does not necessarily mean that overall productivity is declining as well, due to factors such as improved technology.
Industrial Policy, High-tech Industries, Low-Tech Industries, Durable Goods Industries, Nondurable Goods Industries, Manufacturing Companies
Economics | Public Policy
Weidenbaum, Murray L. and Athey, Michael J., "The "Decline" of U.S. Manufacturing: Empirical Evidence and Policy Implications", Working Paper 87, 1984, doi:10.7936/K76W988C.
Murray Weidenbaum Publications, http://openscholarship.wustl.edu/mlw_papers/189.