Increase labor productivity.
In the US, both total output and output per worker have significantly increased over time. In the past 133 years, output has increased by a factor of 100 by itself. Today's productivity per worker is six times more than it was in 1900. Today's standard of living is higher as a result of these improvements.
Low capital formation has been a major factor in the slow increase in worker productivity. First, stimulate aggregate demand; second, change corporate taxation, which should increase investment in manufacturing. These two strategies are intended to improve the rate of investment.
The human element in the creation of an economy's commodities and services is labor. finding sufficient individuals with the necessary abilities to meet the rising demand. As a result, earnings frequently increase.
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