NBC Evening News for Tuesday, Sep 26, 1978
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(Studio) Report is on product of American workers, which has changed from high product of some years ago.
REPORTER: John Chancellor
(No location given) Definition of product noted. Statistics showing lowering of American worker product reported; exs. of this given. Figs. on product from 1957-78 listed. [Council of Econ. Advisers chairperson Charles SCHULTZE - discusses relationship between living standards and product] Reasons for reduction in product listed and examined. Av. American worker in inds. like steel reported to be far behind those in other cntrys., particularly Japan. Prod. growth between 1967-77 in Japan, France, West Germany and other ntns. listed; that in United States and Great Britain cited as being at bottom of scale. [SCHULTZE - discusses relationship between product and inflation.] Lack of industry or government method for increase product noted.
REPORTER: Irving R. Levine