Sentences with phrase «labour productivity if»

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.

More than 40 years ago, the Magna founder decided his company would experience higher productivity and less labour strife — and, as a result, faster growth — if its workers got some of the financial benefits of strong performance.

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.

So if there are policies that would boost potential output — the sum of labour force growth and productivity growth — then we need to pursue them.

Such a boost to labour productivity can occur even if labour and capital resources are used no more efficiently than before.

Infrastructure spending can be particularly effective if it raises trend labour productivity, since it can help raise potential growth and ease pressures on the neutral rate.24

So it isn't an exact model: if domestic servants value productivity differs from (say) video game programmers, the price of the commodities they contribute to won't express the actual number of human hours of labour, but only the number of hours of human labour that our society (through market, production, class war) deems socially average.

Some analysts suggested the fall in productivity was the result of labour hoarding, the demise of financial services or changes in workforce composition, but the IFS found no evidence to substantiate these claims.

British workers are producing 12.8 % less than if the pre-recession growth in labour productivity had continued past 2008.

It applies only to cases where innovations are purely labour saving, if innovations work purely on the productivity of capital rather then being labour saving, the only effect is a rise in capital owners profits, and an eventual pushing up of the wage rate later.

Labour's infrastructure spending would, if well targeted, deliver a productivity boost, but the IFS warned that this was cancelled out by the negative impact of more workers» rights, a higher minimum wage, more bank holidays and higher corporation tax.

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].