Sentences with phrase «increases labour productivity»

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

High wages increase the benefits of an innovation that increases labour productivity.

«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.

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.

The programme to increase labour productivity and boost employment was devised and launched in 2017.

As a businesses strategy, iincentive - drivencompensation schemes are key elements to a businesses» strategy for increasing labour productivity.

Not exact matches

If you ignore the fact that the prices of resources relative to manufactures increased sharply after 2002, you'd interpret the shift from manufacturing to resources as a productivity - reducing reallocation of capital and labour.

(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.

The tax code should be neutral between these activities, so finding and eliminating areas where it discriminates against labour can both enhance productivity and increase wages.

«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.

If Canada's level of labour productivity had increased to the U.S. level (and the other four factors had stayed the same), Canada's income per capita would have been $ 8,500 higher.

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.

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.

Output, exports, productivity and employment have all increased, while labour and producer incomes have doubled.

The programme is primarily aimed at carrying out regional campaigns to improve labour productivity and boost employment and helping the participating businesses to increase their workforce productivity by at least 30 per cent.

In the Council's pre-budget submission to this committee we urged the government to boost Canadian productivity by increasing female labour force participation, supporting women in STEM, enabling seniors to work for longer and helping Canadians navigate the changing job market.

The produce of the people will increase when their productivity increases; the productivity of labour is increased through division of labour; the extent of division of labour is determined by the extent to which the produce can be sold; hence it depends on the market, i.e..

By automating a previously labour intensive operation Endoline has increased the efficiency and productivity on a production line which has an annual volume output of a quarter of a million bottles, while reducing the need for manual labour.

We know that from the 1970s to today, productivity and labour income have decoupled; we have gained productivity without increasing wages, which means that our most important redistribution tool, labour income, has ceased to function.

Very few of them applied historically as a lot of innovations increase capital productivity, rather then save labour, and the effect is only short term.

In an interview with Akwasi Boateng, Dr. Edward Brenya indicated that the president is using an old method of increasing labour to improve productivity which in this case will put great pressure on the public purse.

Since Labour came in the rate of increase is 6.2 pa but we have had a number of large re-organisations and the productivity figures are considerably lower.

And as it turns out, to ONS did release a revised labour productivity report which showed that unit labour costs in the U.K. increased by 3.5 % in Q1 2017, which is much better than the original estimate of +2.1 % and is the strongest reading in four years to boot.

Greening the rural economy is central to increasing decent employment opportunities, enhancing resource and labour productivity, and fostering poverty eradication and social inclusion.

And if labour costs actually rise generally with increased productivity, the absolute cost of legal work will increase as lawyer incomes rise with productivity in other sectors [13].

While surviving the declined labour productivity in the last two quarters, the first quarter statistics revealed a modest but hopeful increase by 0.3 % for Canadian businesses, with a decrease in costs by 1.8 %, attributed in some way to the slight, but slowed growth in hourly compensation.