Sentences with phrase «labor productivity in»

The Lab's researchers combine historical socioeconomic and climate data, allowing the team to discover how a changing climate has impacted humanity — from the ways in which extended droughts have affected agricultural productivity in California to the ways in which heat waves have impacted mortality in India and labor productivity in China.

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.

Measuring labor productivity in manufacturing is relatively easy, because the output and its value is easily measured.

The most obvious example is the United States itself, which has the highest labor productivity in the world.

Labor productivity in the U.S. rose by less than expected in the first quarter, according to a report released by the Labor Department on Thursday.

Not exact matches

To capitalize the most during that stretch, Dwyer recommends what he calls «productivity trade» — areas that are positioned to offset higher inflation, particularly in labor.

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

[«The Wealth of Nations»] describes what builds nations» wealth and is today a fundamental work in classical economics and touches upon such broad topics as the division of labor, productivity, and free markets.

(The recent slowdown in productivity could arguably be because of the low cost of labor and, therefore, reduced incentives to invest in capital and would likely rebound as labor markets get genuinely tight and start pushing wage - growth up.)

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.

«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.

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.

Airline workers also work much harder than they did in the past; the industry had the second highest multifactor productivity growth from 1997 through 2014, according to an analysis by the Bureau of Labor Statistics.

The trend worries economists because new businesses play a vital role in creating jobs, improving productivity and spurring economic growth; some researchers believe the decline in entrepreneurship, and in other measures of economic dynamism such as labor mobility, could be part of the reason the U.S. has experienced such a slow bounceback from the past two recessions.

To combat a tightening talent market, companies must focus on improving productivity and operational efficiencies, rather than relying on cheap and plentiful labor, as some have in the past.

Because of globalization, if components of a large, manufactured product are produced in a foreign country, the cost is simply a component cost, and the labor required to produce it is not counted against our manufacturing productivity.

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.

By 2015, analysts had significantly marked down GDP growth, based on the fact that the labor force had contracted more than they thought back in 2007 and productivity growth was slower.

It could be that other countries» productivity gains in steel production have been greater than ours, or their labor costs are lower, i.e., our unit labor costs are not so competitive.

In addition, unit labor costs have declined sharply over the past year due to the combination of unusually rapid productivity growth and slowing labor compensation growth (Chart 28).

Potential economic growth is going to slow dramatically over the coming years because of slowing growth in the labor force, due to growing demographic trends, and continued poor productivity performance.

WASHINGTON (AP)-- U.S. productivity fell in the April - June quarter by a larger amount than first estimated, while labor costs accelerated sharply.

An undeveloped legal system, sluggish bureaucracy and poor labor productivity have deterred foreign investment and frustrated many Saudi economic plans in the past.

Allowing wages to continue to rise should, in the longer run, boost productivity growth because businesses will be incentivized to find ways to improve the productivity of their workers in the face of tighter labor markets and higher labor costs.

The variable you want to look to evaluate that possibility is the growth in unit labor costs, which tells you how fast compensation is growing relative to productivity.

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 growtIn 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 growtin turn will lead to higher productivity growth.

«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).

As I detailed in my November 2003 comment, titled The U.S. Productivity Miracle (Made in China), part of U.S. productivity growth actually represents the import of foreign labor by U.S. multinational companies.

One was in the decade leading up to the late - 1960's, which was driven by a legitimate expansion in the productivity of U.S. workers, as measured the capacity of labor to produce output.

While the assumptions about the future unemployment rate may be affected by policy, the fact is that slower U.S. population growth, coupled with an aging population, place substantial limits on labor force growth, which will leave U.S. GDP growth almost entirely dependent on changes in productivity.

«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.

It would mean that German industrialists and their government allies, who have attempted to grow not by investing in productivity but by forcing German workers and their European partners to subsidize their unit labor costs, after having caused huge damage to peripheral Europe's balance sheets and European workers everywhere, including in Germany, will now pass the cost onto the rest of the world.

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).

[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.

«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.

Greater flexibility is needed in the labor market, and productivity must be raised.

Worker productivity actually fell in the first quarter, according to the Bureau of Labor Statistics.

One of the greatest economic mysteries out there, according to many market watchers: Why labor market productivity has slowed sharply around the world in recent years.

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

In the United States, Federal Reserve Chairman Alan Greenspan explained triumphantly to Congress in 1997 that what was so remarkable since 1980 was that labor productivity rose by about 83 percent, but real wages didn't risIn the United States, Federal Reserve Chairman Alan Greenspan explained triumphantly to Congress in 1997 that what was so remarkable since 1980 was that labor productivity rose by about 83 percent, but real wages didn't risin 1997 that what was so remarkable since 1980 was that labor productivity rose by about 83 percent, but real wages didn't rise.

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-...]

The problems are in part structural, coming from the combination of labor costs close to the US level but productivity more comparable to the richer nations of the Caribbean.

If successful, growth in labor, capital and technology in tandem can power productivity and industrial output in ways that are simply not possible in Reform Club peers such as Japan, South Korea and China.

Its deceleration between 1972 and 1999 was offset by a broad acceleration in potential productivity of the labor force during these years.

I am a bit doubtful about China's economic expansion strategy — labor productivity is generally very low in Laos and Cambodia and those countries that are not already even part of the Chinese - driven bubble economy.

Automation is forecast to raise productivity by as much as 30 percent in many industries, and cut labor costs by at least 18 percent in the coming decade, according to recent research from The Boston Consulting Group.