Sentences with phrase «labour productivity which»

Faster average wage growth in Australia has been accompanied by trend growth in labour productivity which is faster than the average of the countries shown in the table.

Not exact matches

The productivity - median compensation divergence can be broken down into two aspects of rising inequality: the rise in top - half income inequality (divergence between mean and median compensation) which began around 1973, and the fall in the labour share (divergence between productivity and mean compensation) which began around 2000.

Rising productivity in manufacturing also led to widespread industrialization, which attracted labour from farms to higher - paying factory jobs.

And the answer, it turns out, is that despite all the investment in capital which permitted vast jumps in labour productivity, in fact... [Read More]

The strength of resource production of late partly reflects an improvement in labour productivity in the mining sector, which is to be expected as new productive capacity comes on line.

However, total factor productivity, which allows for changes in both labour and capital inputs into the production process, and is therefore a better measure of efficiency, is growing faster in the current recovery than in the corresponding phases of either of the two previous cycles (Box 2).

The profits recovery has been driven by continued strong productivity growth in conjunction with subdued compensation growth (due to the weak labour market), which has seen unit labour costs fall by 5 per cent since June 2001 — the largest fall on record (Graph A4).

Five years ago we published two papers [1, 2], which introduced a new macroeconomic model explaining the evolution of labour productivity in developed countries.

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.

Interestingly, public sector labour productivity has risen — a move which runs against long - term trends.

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.

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.

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.

Aging baby boomers are leaving the workforce, which puts downward pressure on the nation's labour market, which in turn lowers productivity growth, limits the economy and suppresses inflation.

In Bin it for Britain artist Michael Landy will talk about the ways in which ideas of value, usefulness, productivity and labour have been central to his practice, beginning with his participation in the seminal 1988 YBA exhibition, through to his current work.