It is easy to see, of course, why 3 percent is a comfortable rate.

    Marty Jameson

    It is easy to see, obviously, why 3 percent is a comfortable rate. Browse here at the link ethernet is optional and starts at $1,258+ to learn when to ponder it. First, it's a speed we have reached in the past and have found tolerable. Second, when the rate were any higher it'd demand a proportionately higher rate of overall economic growth. If a larger productivity rise were wanted for almost any reason including remaining competitive in world markets the GNP would have to grow proportionately faster to preserve employment, or else the work week will have to be proportionately shortened. Thus the predicament that America may well need to face in the Sixties. There's nothing sacred about a 3 percent yearly increase in productivity and when our world competitors should pick, and reach, a higher rate, we'd have little choice but to try and keep up.

    Under the circumstances it might be well to adopt the guiding principle, so often proved right in weapons development and more lately in space technology, that if something is potential to do, it'll be done and likely sooner than many people expect. In productivity, as well as in the region usually called automation, we might never see anything so dramatic as the Soviet Sputnik of October, 1957, but we should not be shocked if your state focused on increasing its standard of living were to employ a number of exactly the same abilities and imagination to increasing productivity that it has applied to the investigation of space. Really, there's much evidence that the Soviet Union is taking automation really seriously even to the extent of making up a Russian word to interpret the term itself. There is now a Soviet Institute for Automation and Remote Control, with its own technical diary. There is also a Central Scientific Research Institute of Technology and Machinery along with the Academy of Sciences, along with the Ukrainian Republic has its very own Institute of Machines Construction and Automation.

    The effectiveness of Soviet efforts to improve productivity, efforts much predating the term automation, are now being officially recognized by western economists. For instance, analysts of the Rand Corporation approximation that the Soviet gross national product grew at a speed of 6 or 7 percent annually during the previous decade, and that industrial output grew in the impressive rate of 9 percent. This compares using a United States growth rate, in exactly the same period, of about 3.4 percent a year for the economy as a whole and about 3.8 percent a year in industrial output. Students of the Soviet economy believe that the Soviet Union will likely manage to maintain an industrial growth rate of at least 8 percent through the present decade. However, the overall speed, including agriculture and services, may be just about two thirds of the figure.

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