Sentences with phrase «for labor productivity»

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.

Not exact matches

Whatever the reason for the elevated slack in the U.S. labor market, one obvious solution would be faster economic, productivity, and wage growth.

«We looked at transportation costs, labor costs, productivity, and it made sense,» said Allan McArtor, chief executive of Airbus Group Inc. «We will be building single aisle airplanes (in Mobile) for a long, long time.»

And then comes the following question, through productivity, if you achieve productivity and you are able to cut costs so that you can stay ahead of the game where labor costs are rising ahead of the GDP, then what happens in terms of unemployment or creating job opportunities for those people that now are seeking alternative employment methods because of productivity coming into the game?

The fees are one of many factors driving up the cost of buying or renting a home, including income inequality, restrictive zoning, low construction productivity, a historic slowdown in housing production, and high prices for land, materials, and labor.

Second, while the health care industry accounts for a large part of the U.S. economy, labor productivity within the space has been declining by 0.6 percent annually for the last two decades.

When there is a tight labor market, productivity gains translate into wages because employers have no choice but to bid for scarce labor.

Wage and benefit increases of 15 to 20 percent per year at the average Chinese factory will slash China's labor - cost advantage over low - cost states in the U.S., from 55 percent today to 39 percent in 2015, when adjusted for the higher productivity of U.S. workers.

But: «A simple summary of the headlines for this release is that productivity improved while the labor costs grew faster.

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.

Labor productivity has seen a fivefold increase since the early 1980s, going from an average of 10 hours of work for each finished ton to an average of two hours in 2016, according to the American Iron and Steel Institute.

In other words, rather than productivity advances being the cause of higher real wages, the reverse may be true: Higher labor costs that crimp the profits share and boost the labor share are a necessary condition for higher investment rates which in turn will lead to higher productivity growth.

Improved management and automation enables production with fewer people Falling need for labor inputs means that labor force and labor productivity growth are not the constraints on production growth they once were.

«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).

«Since Canadian productivity performance is often compared to the productivity performance in the United States, the methodology behind the estimates for Canada should be comparable to the largest extent possible to that used by the U.S. Bureau of Labor Statistics (BLS),» wrote (pdf) Wulong Gu, of StatsCan's Economic Analysis Division.

At a 4.1 % unemployment rate and labor force growth now down to about 0.5 %, the baseline expectation for real GDP growth in the coming years is approaching just 1 % (0.5 % labor force growth plus productivity growth of about 0.5 % annually).

«The benefits of gender equality are multiple, including increased labor supply; higher incomes, productivity gains, and corporate bottom lines; and reduced poverty in developing countries,» says Carmen Nuzzo, senior economist for SRI research.

Older people tend to have a lower demand for durable goods and a higher need for services in the labor - intensive, low - productivity segments of the economy like health care.

Businesses are allocating capital more efficiently; the labor force is retooling its skills for the new economy; and technological innovation continues to push the limits of human productivity.

Per the BBVA Research Department, the potential long run GDP growth trend should revert to around 2 % -2.2 % based on expectations for labor (major factor being U.S. demographics, i.e. aging of the population), capital growth, and productivity.

Such gaps tend to narrow for a number of reasons, including higher marginal productivity on cheaper labor and land costs in lower - tier cities, better economic integration with government - led redistribution of infrastructure and public resources from regional hubs to small neighbor cities, and broader penetration of technology, including smartphones and the internet, according to the Morgan Stanley research.

They have also made some progress in improving their international competitiveness, though there remains an opportunity for further structural reforms in labor and product markets — and not just in the periphery — to increase productivity and strengthen long term growth prospects.

The second is that for the attainment of growth the primary productivity required is that of labor.

When labor was scarce and raw materials and sinks for pollution were large, it made sense to concentrate on increasing labor productivity.

For example, to concentrate on increasing the use of petroleum to replace human labor in agriculture, for the sake of increasing the productivity of labor, no longer seems a wise poliFor example, to concentrate on increasing the use of petroleum to replace human labor in agriculture, for the sake of increasing the productivity of labor, no longer seems a wise polifor the sake of increasing the productivity of labor, no longer seems a wise policy.

At some point in his life, the First Man reasoned about ways to improve the productivity of his Labor towards meeting the bare necessities of life to free up some of his time for leveraging his human capacity for abstract thought towards Capital purposes, which could be used to improve productivity further which would free up more time which would etc, etc, etc..

Other recent work suggests that ART, although costly, will pay for itself and more by increasing labor productivity, reducing the need for orphan care and deferring medical treatment costs (S. Resch et al..

Labor economist Paula Stephan of Georgia State University in Atlanta welcomed the study, calling it «path breaking» for looking at productivity at the laboratory level.

The story of farming in the last century includes many examples of automated machinery boosting agricultural productivity and reducing the need for human labor.

Indeed, the same calculation for C. App labor productivity tells the same story.

Indeed, in countries with labor parties in Europe today, it is not unusual for the labor party, when in power, to put a brake on wage growth in order to forestall inflation, or to resist calls for more benefits when productivity growth does not justify increased benefits.

Division of labor has worked wonders for the production of clothing, computers, and automobiles — but it doesn't have the same transformational effect on productivity in teaching, a new study by economist Roland G. Fryer Jr., finds.

Among them are deleterious effects on children of unregulated and often substandard childcare; [9] lost productivity for employers due to parents missing work to handle gaps in childcare or to care for a sick child; [10] lost wages and reduced retirement benefits for parents who have to drop out of the labor market to provide at - home care for their young children; [11] a substantial downward pressure on the wages of childcare workers with effects on the quality and stability of the childcare workforce; [12] and lost opportunities for further education, [13] college savings, and other investments that working parents could make in themselves and their children but can not afford because they are spending most or all of their disposable income on childcare.

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.»

There are places that had prosperity for a time because an industry grew large, and then that industry went into decline, or at least, increased labor productivity reduced employment in that industry.

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.»

Most economists expected the government to revise unit labor costs up and productivity down for the fourth quarter because fourth quarter readings on gross domestic product were also sharply revised down.

It is also that capitalogenic global warming (CGW) has done fundamental and irreversible damage to agricultural productivity — primarily through more pervasive and crippling global droughts, along with help from the development of herbicide - resistant and CGW - friendly «super weeds» and antibiotic - resistant livestock diseases — so that a return to cheap food, a requirement for a re-expansion of cheap labor, may be impossible.

Improved labor productivity by implementing standard labor hours and tracking efficiency percentages for 2,000 open jobs.

Controlled expenses and raised productivity, remained flat with store plan for labor expenses and income, raised productivity by an overall 30 %

Implemented highly motivated training materials using contests and games Managed the departmental trainers (coaches) Provided the development and training of all new and existing team - members Invented supplemental training materials to complement the corporate training Designed and presented Hospitality Training presentations for 7 stores in our region Developed and maintained the training budget for Mayfield Heights, Ohio Maintained weekly schedules for coaching staff, new team - members, and service department Generated all in store creative and graphic design projects including Recruitment flyers and posters In store training materials and posters Communication and display boards Maintained kitchen labor and productivity at / above company standards.

The explanation for the disparate growth rates can partially be traced to uninspiring labor productivity growth.

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.

The explanation for the disparate growth rates can be partially traced to uninspiring labor productivity growth.