Sentences with phrase «labor productivity rose»

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 rise.

Not exact matches

Between 1977 and 2011, the rate of new business creation dropped by half, while U.S. productivity rose by 87 percent, Bureau of Labor Statistics and Census data show.

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.

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?

Chart 5 below highlights that despite its well - known productivity growth, unit labor costs are on the rise as wage growth has outpaced that of productivity.

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.

[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.

US worker productivity is falling, as well, as unit labor costs rise.

[2] While the labor input is running high, labor productivity, inflation and the term premium are all historically low, with plenty of room to rise.

The report said labor productivity climbed by 0.7 percent in the first quarter after rising by 0.3 percent in the fourth quarter.

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.

Revised Q3 data show labor productivity among nonfarm firms rose 3.0 % annualized in the quarter and unit labor costs fell 1.5 %.

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.

If an aver - age household today produces more than twice as much labor in hours as an average household did 25 years ago, and receives only a fraction more in real income, then obviously the value of labor has fallen — even while the productivity of labor in the same period has risen sharply.

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.

«There is historical data to show that temperatures in the southern United States have risen,» she said, «and over the long term, warmer temperatures are going to strain workers who do a lot of physical labor and affect their productivity.»

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.

They have since dropped to around 8.5 % because the labor market has tightened, wages have begun to rise while productivity growth has remained slow.

My favorite discovery was a suite of colorful bar graphs charting women's labor productivity, souped up with photocollages of climbing high - rises and satisfied workers: a rather more inventive kind of data journalism.