Increased wages lead to higher productivity in industries, boosting economic growth.
The relationship between wages and labor productivity in industries was studied. It was found that higher productivity can lead to higher wages, and vice versa. Different theories were used to support this idea, with some suggesting that productivity determines wages, while others argue that wages determine productivity. Some models also support the wage-productivity relationship. Overall, the paper provides a theoretical review on how wages and labor productivity are connected in industries.