Sentences with phrase «in labour productivity»

British workers are producing 12.8 % less than if the pre-recession growth in labour productivity had continued past 2008.

Faster average wage growth in Australia has been accompanied by trend growth in labour productivity which is faster than the average of the countries shown in the table.

The changing capital intensity of the economy explains some of the differences in labour productivity growth between business cycles.

Part of the differences in labour productivity growth between business cycles reflects differences in the rate of capital accumulation and employment growth.

The strength of resource production of late partly reflects an improvement in labour productivity in the mining sector, which is to be expected as new productive capacity comes on line.

By using the known rates of increase in the money supply and the population and a «guesstimate» of the rate of increase in labour productivity we can arrive at a theoretical rate of change for the purchasing power of money.

And the answer, it turns out, is that despite all the investment in capital which permitted vast jumps in labour productivity, in fact... [Read More]

«Differences in the average use of reading skills explain around 30 % of the variation in labour productivity across countries,» states the OECD study Skills Outlook 2013.

Not exact matches

innovation results — i.e., evidence of the impact of research, innovation and commercialization as captured in patents, and overall labour productivity.

What ensures that wages respond to labour productivity in the way I described are market forces.

(Wonkish detail: Labour productivity measures average productivity, but the mechanism described in the preceding paragraphs predicts that real wages should track marginal productivity — the extra output produced by an additional unit of lLabour productivity measures average productivity, but the mechanism described in the preceding paragraphs predicts that real wages should track marginal productivity — the extra output produced by an additional unit of labourlabour.

(Note: multifactor productivity, or MFP, is commonly seen as measure of technical progress — the increase in output that can not be explained by the accumulation of labour and capital inputs.

Raise interest rates in the U.S. and you could kill the recovery and exacerbate the problem of long - term unemployment, with lasting effects of labour productivity, economic growth and, yes, even government revenues.

«We find that industrial robots increase labour productivity, total factor productivity, and wages,» write lead researchers Georg Graetz, an assistant professor in the department of economics at Uppsala, and Guy Michaels, an associate professor in the department of economics at LSE.

In a presentation to the Canadian Association for Business Economics in August, Industry Canada economist Annette Ryan reiterated the familiar productivity lament: beginning in the 1980s, growth in Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countrieIn a presentation to the Canadian Association for Business Economics in August, Industry Canada economist Annette Ryan reiterated the familiar productivity lament: beginning in the 1980s, growth in Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countriein August, Industry Canada economist Annette Ryan reiterated the familiar productivity lament: beginning in the 1980s, growth in Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countriein the 1980s, growth in Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countriein Canadian labour productivity, defined as GDP per hour worked, has been steadily declining and now trails the U.S. and the majority of other G7 countries.

Technology Change Not the Culprit in Wages Falling Behind U.S. Productivity Gains (Naked Capitalism) Since 1973, there has been divergence between labour productivity and the typical worker's pay in the U.S. as productivity has continued to grow strongly and growth in average compensation has slowed substantially.

«That's equal to a permanent increase in output of almost $ 1,000 per Canadian every year, and that's even before you factor in the possible investment and productivity gains that would come with such an increase in labour supply,» he said.

I don't know what was happening to Canadian productivity before 1973, but even if there was no growth in output per worker, the increase in our labour terms of trade would have induced significant gains in real wages.

The productivity - median compensation divergence can be broken down into two aspects of rising inequality: the rise in top - half income inequality (divergence between mean and median compensation) which began around 1973, and the fall in the labour share (divergence between productivity and mean compensation) which began around 2000.

And the third is that the rate of labour productivity growth in the production of services is lower than that in the production of goods.

The slowing in 2015 results from a further decline in the growth of trend labour input coupled with no change in the growth rate of trend labour productivity.

Rising productivity in manufacturing also led to widespread industrialization, which attracted labour from farms to higher - paying factory jobs.

Factory farming and the combine harvester increased labour productivity in the farming sector and reduced the need for agricultural workers.

The term is also commonly used to describe the belief that increasing labour productivity, immigration, or automation cause an increase in unemployment.

So, in Canada's case, lower labour productivity and fewer hours worked caused Canada's income per capita to be lower than that of the United States.

Ireland and Norway both had higher labour productivity than the U.S. in 2012.

For example, to calculate what portion of the Canada-U.S. gap in income per capita is due to Canada's lower labour productivity, we substitute U.S. labour productivity into the equation but keep Canadian data for the other four components (hours worked, unemployment, labour force participation, and demographic structure).

Doubling employment would mean an extremely big increase in real wages to get twice as many people willing to work, and it would be a very strange (though not theoretically impossible) halving of average labour productivity that would be compatible with a very large increase in equilibrium real wages.

In the near term, revisions to Canada's capital stock and spending loom large in the bank's upgrade to labour productivitIn the near term, revisions to Canada's capital stock and spending loom large in the bank's upgrade to labour productivitin the bank's upgrade to labour productivity.

«The reduced full year guidance [at South Deep] is attributable to the ongoing impact of poor equipment reliability, the slower advance rates in Corridor 3 and delayed extraction in the composites, as well as slower rates of destress in the March quarter, again a symptom of the lower productivity related to uncertainty around the labour restructuring,» Gold Fields CEO Nick Holland said.

In turn, the investment spending increases labour productivity as more equipment boosts worker output per hour.

Strong growth in productivity may continue to restrain growth in unit labour costs to a greater extent than expected, though productivity growth in the past year has been below that in the preceding few years.

Strong productivity growth, combined with moderating wage growth and ample spare capacity in the economy, led to unit labour costs falling by 1.7 per cent over the year to the December quarter.

In the long run both types of investment create capital that can yield substantial positive rates of return (above the current 30 and 50 year real bond rate) and result in both higher productivity and stronger labour force growtIn the long run both types of investment create capital that can yield substantial positive rates of return (above the current 30 and 50 year real bond rate) and result in both higher productivity and stronger labour force growtin both higher productivity and stronger labour force growth.

The British economic recovery is still fragile and faces many of the same problems Carney seemed unable to solve during his tenure in Canada: sluggish labour productivity, businesses that are stockpiling cash, and a property bubble that seems at risk of bursting.

But part of the adjustment occurred via a pick - up in the pace of wage growth, at a time when labour productivity growth was relatively slow.

The U.S. Bureau of Labor Statistics has just released a comparison of manufacturing output, employment, productivity, and unit labour costs in 16 different industrialized countries. Here's the link: http://www.bls.gov/news.release/pdf/prod4.pdf This data confirms that Canada's manufacturing industry is in the midst of a uniquely terrible crisis. Some commentators have suggested that the sharp decline in Canadian -LSB-...]

Last month, Statistics Canada reported that the labour productivity rate growth contracted 0.2 per cent in 2015, by far its weakest result in three years.

Policies that spur more efficient corporate restructuring can revive productivity growth by targeting three inter-related sources of labour productivity weakness: the survival of «zombie» firms (low productivity firms that would typically exit in a competitive market), capital misallocation and stalling technological diffusion... As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are essential to ensure that a more aggressive policy to resolve non-performing loans is effective.

The labour productivity of Canadian businesses fell by 0.6 per cent in the third quarter, the second consecutive decline, as the number of hours worked grew faster than business output.

Labour productivity growth — the rate of growth of output per hour worked — is also a useful concept since labour productivity growth ultimately determines the sustainable rate of growth of real wages in the ecLabour productivity growth — the rate of growth of output per hour worked — is also a useful concept since labour productivity growth ultimately determines the sustainable rate of growth of real wages in the eclabour productivity growth ultimately determines the sustainable rate of growth of real wages in the economy.

Labour productivity can be boosted by a rise in capital input relative to labour Labour productivity can be boosted by a rise in capital input relative to labour labour input.

For the past three business cycles, an appropriate comparison is between average labour productivity growth for the 5 1/2 years after each trough in output (the current expansion has run for 5 1/2 years since the trough in output in June 1991).

Labour productivity growth was boosted in the 1970s cycle by rising capital intensity, but held back somewhat in the 1980s cycle as growth in hours worked outstripped growth in the capital stock.

This growth slowdown reflects both declining labour force growth as baby boomers retire in large numbers and a reduced pace of aggregate productivity growth.

We need relentless focus from government, labour and business on raising overall productivity in Canada.

However, total factor productivity, which allows for changes in both labour and capital inputs into the production process, and is therefore a better measure of efficiency, is growing faster in the current recovery than in the corresponding phases of either of the two previous cycles (Box 2).

Core inflation has drifted higher over the past year, as slowing productivity growth has pushed up growth in unit labour costs, albeit from a very low level.

Growth in non-farm GDP per hour worked — a broad measure of labour productivity — has averaged 1.8 per cent per annum since the start of the recovery, a higher rate than in the corresponding phase of the previous cycle, but slightly lower than in the 1970s cycle.

The profits recovery has been driven by continued strong productivity growth in conjunction with subdued compensation growth (due to the weak labour market), which has seen unit labour costs fall by 5 per cent since June 2001 — the largest fall on record (Graph A4).