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Your friend said that he read in the local paper "the increase in the size of...

Your friend said that he read in the local paper "the increase in the size of the labor force will always increase the productivity of labor." Is this statement true or should the journalist have qualified his statement? If yes how? Start your answer by defining the productivity of labor.

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Answer #1

This statement is not true as labour force itself defines itself as the people of working age group who are employed or are unemployed. So, an increase in labour force cannot say with surety that productivity of labour will increase. This is because, labour productivity will increase with an investment in human capital, skill development, technology knowledge enhancement. Growth in these factors will increase the productivity of labour and not merely an increase in number of working age population.

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