Industry: The Big Contributors

The more successful a business manager is in achieving high productivity, the more money his business pumps into the national economy. In Washington last week, Louis Paradiso, chief statistician for the Commerce Department, reported an ingenious system of ranking U.S. industries on this count. Key to Paradise's box score is the amount of value that a business adds to the economy for each worker it employs—the added value being the sum of wage outlay, company profits and interest payments to lenders. For U.S. business as a whole, the value added to the economy per worker in 1960 was $5,600. The...

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