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Productivity directly contributes to increase of Gross National Product, and increases efficiency, so we use less resources (capital, labor, energy) to produce the same output. Indirectly, productivity improvements help keep inflation in check. The biggest benefit I think is that it improves the value of our currency.

The negative side is, some sectors may face short-term increase in unemployment. Good example is when robotic welding was introduced in autormotives in 1970's---a lot of welders went out of work.

2006-07-11 05:39:42 · answer #1 · answered by paanbahar 4 · 0 0

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