Sentences with phrase «as labor productivity»

Not exact matches

[«The Wealth of Nations»] describes what builds nations» wealth and is today a fundamental work in classical economics and touches upon such broad topics as the division of labor, productivity, and free markets.

(The recent slowdown in productivity could arguably be because of the low cost of labor and, therefore, reduced incentives to invest in capital and would likely rebound as labor markets get genuinely tight and start pushing wage - growth up.)

Chart 5 below highlights that despite its well - known productivity growth, unit labor costs are on the rise as wage growth has outpaced that of productivity.

The trend worries economists because new businesses play a vital role in creating jobs, improving productivity and spurring economic growth; some researchers believe the decline in entrepreneurship, and in other measures of economic dynamism such as labor mobility, could be part of the reason the U.S. has experienced such a slow bounceback from the past two recessions.

The rest is attributable to businesses having a lot less physical capital (such as machines and software) than was anticipated, and having unexpectedly low total factor productivity (the productivity of labor and capital).

To combat a tightening talent market, companies must focus on improving productivity and operational efficiencies, rather than relying on cheap and plentiful labor, as some have in the past.

Race to the bottom: A term for dog - eat - dog competition by which countries compete by cutting wage levels so as to produce in the cheapest market, not by raising wages and labor productivity.

And the Council of Economic Advisers announced that policies such as work flexibility «lead to higher labor force participation, greater labor productivity and work engagement, and better allocation of talent across the economy.»

«Import growth captures both the «true» part of productivity growth (since increased capital investment typically requires an expanding current account deficit) as well as the illusory part of productivity growth (resulting from the failure to account for foreign labor input in the productivity numbers).

As I detailed in my November 2003 comment, titled The U.S. Productivity Miracle (Made in China), part of U.S. productivity growth actually represents the import of foreign labor by U.S. multinational companies.

One was in the decade leading up to the late - 1960's, which was driven by a legitimate expansion in the productivity of U.S. workers, as measured the capacity of labor to produce output.

[158] Other causes include the rise in non-cash benefits as a share of worker compensation (which aren't counted in CPS income data), immigrants entering the labor force, statistical distortions including the use of different inflation adjusters by the BLS and CPS, productivity gains being skewed toward less labor - intensive sectors, income shifting from labor to capital, a skill gap - driven wage disparity, productivity being falsely inflated by hidden technology - driven depreciation increases and import price measurement problems, and / or a natural period of adjustment following an income surge during aberrational postwar circumstances.

US worker productivity is falling, as well, as unit labor costs rise.

If successful, growth in labor, capital and technology in tandem can power productivity and industrial output in ways that are simply not possible in Reform Club peers such as Japan, South Korea and China.

Automation is forecast to raise productivity by as much as 30 percent in many industries, and cut labor costs by at least 18 percent in the coming decade, according to recent research from The Boston Consulting Group.

Nonfarm business sector labor productivity increased 0.7 percent during the first quarter of 2018, as output increased 2.8 percent and hours worked increased 2.1 percent.

But in fact it focuses on labor, with the understanding that labor productivity increases capital as well.

If an aver - age household today produces more than twice as much labor in hours as an average household did 25 years ago, and receives only a fraction more in real income, then obviously the value of labor has fallen — even while the productivity of labor in the same period has risen sharply.

So, as a human society, where so much of the emphasis has been on preparing and improving the productivity of the workforce, and people's lives center around the labor they contribute to economies, what do you do when you don't NEED everyone to work?

As part of the deal, the de Blasio administration and the sanitation workers» union will create a joint Labor - Management Committee on Productivity, which will review productivity targets related to the mayor's plan, announced last month, to cut all waste from landfills by 2030.

Risky Business based its findings on data from the National Climate Assessment and Intergovernmental Panel on Climate Change (IPCC) reports, as well as peer - reviewed literature on extreme weather impacts on crops, labor productivity and energy system performance.

«Our study suggests that the effect of human capital on economic growth is larger in high - quality - of - life counties — natural amenities such as clean air and temperate climate, could potentially attract human capital and perhaps increase labor productivity, thus boosting the effect of human capital on growth,» said Fan.

Whereas 23 years in 40 countries provides a relatively large data set, it does not exclude other possible explanations, such as violent crime increasing with temperature rise, a drop in farm labor productivity or population growth.

In all three of the following studies that Iâ $ ™ m about to link, conducted by the National Academy of Sciences, Energy Watch Group and the United States Geological Survey, labor productivity is perceived as a strong marker of the economic recoverability of remaining coal reserves.

Meanwhile, at certain points its test scores lag behind those of low labor - productivity countries such as Hungary, the Slovak Republic, and Thailand.

Either the quality of education in the United States is being mismeasured, or education quality is not as important for labor productivity as Hanushek makes it out to be.

Thus Eric Hanushek's emphasis on education as key to labor productivity seems not altogether consistent with recent experience.

In other words, skill differences as measured by the international tests are clearly rewarded in the U.S. labor market, reinforcing the validity of the tests as a measure of individual skills and productivity.

School productivity, measured as educational outcomes divided by labor or financial inputs, has declined dramatically.

Moreover, math curriculum continued to have «striking» effects on earnings even after controlling for highest degree earned and college major as well as demographics, family, and school, suggesting that «there is a direct effect of math curriculum on labor market productivity, which works independently of the final degree attained.»

Even a one percent rise in literacy skill scores can increase labor productivity by as much as 2.5 percent, boosting output by as much as $ 225 billion.

As published by Forbes, a recent report from the U.S. Bureau of Labor Statistics revealed that employee productivity is falling and managers have no clue what to do about it.

For companies under cost pressure, such as General Motors (GM) and Ford (F), the answer could be, «A better labor agreement that includes changes in the union rules, so that we can improve productivity.»

If it becomes easier to unionize, that can affect wage rates and productivity even more as work rules bite into effectiveness and flexibility of work; both of these can lower profits in labor - intensive businesses.

Also, given how many commodities are priced globally, and those have become a more important part of the cost structure recently (though the effect is not that bad if one takes a long - term view... increased productivity means we use less commodities to achieve the same ends as 40 years ago), the factor share going to labor in developed countries is probably being squeezed a little.

Representing a cherished «altarpiece» of productivity and potential income in the makeshift squatter homes of apartheid - era townships, as well as the labor and repression symbolized by the American - manufactured sewing machine, the performers sew endless bolts of cotton and raw silk into long tails that pile up on the floor surrounding them.

Extreme events, such as floods, droughts, and heat waves, especially when occurring in a series, can significantly erode poor people's assets and further undermine their livelihoods in terms of labor productivity, housing, infrastructure, and social networks.

By increasing the amount of capital per employee — a process known as capital deepening — business investment in computers increases output per employee hour (labor productivity).

Conduct monthly tools and fleet inspection as well as safety audits, and strategically increase in - house productivity resulting in contract labor cost containment.

Coordinated with the Continuous Improvement and Design Department to reduce labor expense by 22 % Review financial statements, sales and activity reports Adjust projection data to measure productivity and manage expenses Manage staff, prepare work schedules, and assign specific duties per leadership skills Establish and implement departmental policies, goals, objectives, and procedures Determine staffing requirements such as interviews, hiring, and training new employees Plan, direct, and coordinate activities such as sales promotions across multiple departments to exceed sales goals Coach and provide real time feedback to employees to assist with development and expectations Research and analyze process breakdowns and coordinate with appropriate employees to identify and solve problems Writes and administers effective documentation.

He attributed prolonged weak productivity and the low labor participation rate as the primary reasons why the current economic expansion is the slowest since World War II.

These conditions are associated with a wide range of health issues, including unintentional injuries, respiratory illnesses like asthma and radon - induced lung cancer, lead poisoning, result in lost school days for children, as well as lost productivity in the labor force.