Sentences with phrase «increased labor productivity»

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.

The takeaway here is that each innovation increases our labor productivity, meaning we can do more work more efficiently, reaching our desired standard of living along the way.

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

«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.

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..

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.

• Conceptualized, implemented and trained a new labor scheduling program to cut hours and increase labor productivity.

Not exact matches

The Bureau of Labor Statistics shows that productivity has only risen 1 % YOY from 2015 to 2016, much less than the typical increase experienced earlier in the decade.

The latest technological advances promise increased efficiency and productivity but have prompted even more 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.

Under these circumstances productivity is increased only by working the existing labor force more intensively and cutting back medical insurance, old - age pensions and other social welfare expenditures.

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.

«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).

[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.

Contingent workers are key to increasing productivity, extending recovery Government policies threaten to ossify labor markets and stunt growthThe often - maligned phenomenon of contingent workers could play a key role improving workers» lives and productivity but so much depends on government policy, writes Peter Morici.

Labor - intensive firms are reinventing business models, deploying smart technologies and increasing people productivity.

«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.

Fourth quarter same — fourth quarter restaurant labor expenses were 50 basis points lower than last year on a percentage of sales basis due to increased productivity and lower restaurant manager incentive compensation expense.

Labor productivity, or output per hours worked, increased at a 1.9 % annual rate from July through September, the Labor Department said Thursday.

Robots are increasingly being used in workplaces to increase productivity and to reduce labor costs.

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.

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.

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

The assumption that labor is that whose productivity is to be increased is also subject to questioning.

In the example taken from Adam Smith, the small pin factory greatly increases the productivity of labor, because the number of pins produced per worker per day rises dramatically.

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 policy.

However, standard economic development theory focused on increasing productivity, that is, the amount of goods produced per hour of human labor.

It is committed to an industrial - market - system that solves its problems by growth based on increasing the productivity of labor.

It is by specialization that productivity is increased; and economic growth depends on productivity, that is, the amount produced per hour of labor.

Throughout millennia there had been some increase in the productivity of labor.

We fabricate our oven accessories to exacting quality and regulatory standards, and design them to increase productivity and product yields while decreasing labor costs.

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.

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.

The standard of scientific and technological performance required to consider should be the following: 1) increase of the productivity of the economy that is measured by the relationship between global GDP and sectoral GDP and resources used in production processes (raw materials, supplies and labor); 2) reduction of the costs of agricultural, industrial production, and services; 3) increase in investments in R&D; 4) innovation of new products and processes that is measured by its advance over previously used products and processes; 5) increase of the durability of products / services; 6) increase of physical safety of products / services provided to people and users; and, 7) decrease in the levels of technological dependency of the country from the outside.

The consequences are a reduction in America's labor force productivity, future increases in spending on the social safety net, and a loss of tax revenue.

It may also have increased technological change and thus labor productivity, although that is far more difficult to prove.

This increase in spending partially reflects that schools must compete to hire college - educated teachers in a labor market where well - educated workers command higher and higher salaries, but it also indicates that innovation and increases in productivity have occurred faster and been more effective in the broader economy than in the field of education.

Third, researchers have suggested that technological change may play a role in changing labor and profit shares, either by increasing the productivity of capital, or by increasing the rate of worker's obsolescence and thereby reducing their bargaining power.»

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.

There are two major factors retarding the US labor market, and they are globalization and increased productivity from technology.

A healthy economy increases productivity and produces more goods and services with less, not more, labor.

Examples include greater likelihood of injury, disease, and death due to more intense heat waves and fires; increased likelihood of under - nutrition resulting from diminished food production in poor regions; risks from lost work capacity and reduced labor productivity in vulnerable populations; and increased risks from food - and water - borne diseases.

Labor and total factor productivity increase exogenously over the model's time horizon.

Access to energy can help communities increase the productivity of their labor, earn more income, use household time more efficiently and enhance access to health, education and water.

The American Climate Prospectus addressed several key climate impacts over the coming century, including increases in heat - related mortality, increases in the amount of coastal property exposed to flooding, declines in labor productivity, increases in energy expenditures, and declines in agricultural...

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).

Industrial engineers work in the manufacturing arena where they are expected to determine diverse ways of increasing productivity in terms of labor, technology, materials and other matters governing the industry.

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

Review project cost incurred to date by cost type and forecasting future costs on labor productivity, materials / equipment price increases, subcontracts, wage rates, risk and other related factors.

Honolulu, HI About Blog The department shall administer programs designed to increase the economic security, physical and economic well - being, and productivity of workers, and to achieve good labor - management relations, including the administration of workers» compensation, employment security, apprenticeship training, wage and hour, and industrial relations laws.