Sentences with phrase «increasing demand for labour»

The second way is through increasing the demand for labour.

In turn, the competitive pressures generated by the increased demand for labour will bid up wages, to the point where the extra revenues generated by hiring an additional worker are completely offset by the higher wages that this worker can command.

However, certain conditions such as severe weather can increase the demand for labour and materials and raise costs beyond normal inflation.

Ireland's economic growth has continued to outpace other countries in the Eurozone, which all else being equal would tend to increase demand for labour.

Not exact matches

In a competitive labour market, the increase in the demand for labour produces upward pressure on wages, and an increase in output supplied to a competitive goods market will drive down prices.

The most common solution given for increasing labour demand is ensuring that our graduates have the type of skills that are currently in demand by employers.

Opportunity: As labour markets become more fluid, there's an increased demand for HR specialists who can attract and hold onto the most talented employees.

The immediate effect of the increase in the demand for labour in the resources sector is to produce upward pressure on wages in the resource sector.

These prices continue to rise more rapidly than building - materials prices, suggesting that profit margins and / or labour costs in the residential construction sector have increased in response to the recent strength in demand for residential construction work and the rise in prices of established houses.

Demand for labour has increased, with employment rising solidly over recent months and the unemployment rate continuing to trend down.

What Labour needs is a new social democratic revisionism, that heavily focuses on restructuring the welfare state, to unite communitarian and cosmopolitan voters, in an era of globalization, high inequalities, increased demands for choice, and an ageing population This requires applying the principles of solidarity, reciprocity and individual empowerment, in relation to reforming the welfare state, to make it more effective at tackling poverty and providing economic security, and to satisfy rising demands for choice.

Writing in the 1960s, Meade envisaged a future in which technological change would reduce the demand for labour and thereby increase the return to capital.

Increases in the demand for labour will move the economy along the demand curve, increasing wages and employment.

As such, if the demand for goods and services in the economy increases, the demand for labour will increase, increasing employment and wages.

The Ayuba Waba led Nigeria Labour Congress has demanded for increase to over N50, 000 while the Joe Ajaero led council has demanded for over N90, 000 as minimum wage.

But they are just one of the many casualties of the changing legal market, where downward pressures for cost, and increase ability to make demands on otherwise unemployed or underemployed labour supplies.

These wage changes suggest an increase in labour market pressures, driven by hiring and subsequent demand for skills.

This is the first year, with the exception of Italy, where all countries covered in the Index have experienced economic growth, which in turn is leading to the creation of jobs and increasing the demand for skilled labour.

This is reflected in the findings of the Hays Global Skills Index 2014 in which our CEO, Alistair Cox reflects upon the growing labour pressures and an increased demand for skilled workers:

The Polish economy is expected to grow faster in 2017 (3.9 per cent) than in 2016 (2.7 per cent), which could increase demand for skilled labour.

The economies in the Americas are forecast by the IMF to grow by 2.1 per cent in 2017, nearly double the growth rate achieved by these economies in 2016.23 That will tend to increase demand for skilled labour in the region.

In past years, we have found that an improving economic environment tends to be linked with tightening labour markets as demand for talent increases and the challenge of recruiting the most sought - after skills begins to impact organisations.

Retirees bring financial resources earned elsewhere and spend it in the local community, increasing local demand for labour.»