Suppose you are given the following information about productivity growth and growth of capital per hour of work for two different time periods.How much of the slowdown in productivity was due to technological change? Is there anything the government could do to reverse this situation?
Definitions:
Nonroutine Tasks
Activities or jobs that require creativity, problem-solving, and are not performed in a regular, predictable manner.
Empowered Workforce
A group of employees who are given the authority and responsibility to make decisions and act autonomously.
Delegation
The process of assigning responsibility and authority to others to complete specific tasks or functions while retaining overall accountability.
Organizational Hierarchy
The arrangement of individuals within an organization into different levels of authority and responsibility, often visualized as a pyramid.
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