U.S. Output Per Worker Called Best
A new study of productivity in different countries -- the most authoritative comparison to date -- shows that the United States commands a significant lead over Europe and Japan in output per worker. In 1990, a full-time American worker produced $49,600 of goods and services a year. In dollars of equivalent purchasing power, a German worker produced $44,200, a Japanese worker $38,200 and a British worker only $37,100, according to the study by the McKinsey Global Institute, a Washington offshoot of the McKinsey consulting firm, together with three of the nation's top productivity experts, including the Nobel Laureate Robert Solow. Competition Is Cited America's secret productivity weapon, the report concluded, is not bigger companies, more robots or even brainier managers. Instead, it is Washington's relative reluctance to protect companies from the rigors of competition, domestic or foreign.