Abstract
Economic research has proven that labor productivity and economic growth rate in advanced nations depends on labor mobility, which is impacted largely by government laws such as labor laws and labor union activities. The above conclusion shows how government has impacted the labor mobility. Recently, I have shown how activities in the private sector without having to do with government impacted the labor mobility and economic growth rate in advanced nations such as the U.S. I have classified those activities (both in private sector as well as government sector) as activities of the redistribution of power and income. In this work, I have established the hypothesis which says, "Labor productivity depends (inversely) on activities of the redistribution of power and income."
Recommended Citation
Kim, Paul, "Destiny of the U.S. Economy Depends On Lifestyle" (2017). Economics Papers and Presentations. 13.
https://scholarspace.jccc.edu/econpapers/13