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concern about the competitiveness of U.S. firms and workers has increased. Some attribute the loss of the nation's productivity advantage to what they claim is the limited ability of the U.S. educational system to provide students with the skills necessary to succeed in today's labor market. However, factors other than education also affect productivity, and these must be considered when comparing productivity, trends across countries.
Variation in the quality and quantity of education across countries is only one factor contributing to differences in worker productivity; capital investment, technical innovation,foreign trade, and government regulation can also affect productivity. Nevertheless,education remains an important contributor to productivity growth and has a major influence on the standard of living. This essay highlights several measures of productivity and education, and addresses the link between these two sets of measures. A better understanding of the relationship between worker productivity and the condition of education is essential to understand how investment in education contributes to the U.S.economy.
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