Advances in Technology Have Improved the Rate of Production of Widgets

question 267

Short Answer

Advances in technology have improved the rate of production of widgets over the last 10 years and the number of plant workers required has declined by 25%. What is the equivalent annual rate of decrease during the period?

---

Definitions:

Contract Violation

A failure to fulfill the terms of an agreement between parties.

Mediation

A conflict resolution process involving a neutral third party who assists disputing parties in finding a mutually acceptable agreement.

Work Stoppages

Events where workers cease operations, often as a form of protest or to negotiate better working conditions or wages.

Neutral Third Party

An unbiased individual or group not directly involved in a dispute or negotiation, brought in to facilitate a resolution or agreement.