As a result, employees will show no initiative, which can reduce productivity.
"It is well known that higher taxes and transfers reduce productivity," he writes.
Steps like these add significant costs and reduce productivity in an already slowing economy.
Higher temperatures are likely, however, to reduce overall agricultural productivity.
Although these social programs reduce productivity and competitiveness, they have a special political charm.
If neither the manager nor supervisors do anything but manage the people under them, then we now have reduced productivity by 5/21 or 23.8%.
Workers might put in less effort, reducing productivity and slowing the rate of economic growth.
Smaller farmers who once benefited from these, now have reduced productivity.
Weak industries will be protected, reducing American productivity and living standards.
Such a strategy will instead reduce productivity as the Speenhamland law did.