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East Asia becoming more productive; U.S. still leads.
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The United States leads all nations in labor productivity per person employed in 2006, despite a rapid increase in productivity in East Asia, where workers now produce twice as much as they did 10 years ago, according to a recent report by the International Labor Organization (ILO).
The report, "Key Indicators of the Labor Market (KILM), fifth Edition," also shows that the productivity gap between the United States and most other developed economies continued to widen in 2006. The productivity of each worker in the United States was valued at U.S. $63,885 of value ...
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