Sentences with phrase «of labor productivity»

Simultaneous doubling of labor productivity, asset productivity, and complexity is an automatic consequence of halving cycle times, or equivalently doubling throughput rates.

Extreme events, such as floods, droughts, and heat waves, especially when occurring in a series, can significantly erode poor people's assets and further undermine their livelihoods in terms of labor productivity, housing, infrastructure, and social networks.

Not exact matches

It has already automated sorting and distribution at a number of its busiest facilities — which the company said has improved labor productivity by 20 % — and plans to fully automate all work at its 30 largest US hubs by 2020.

[«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.

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 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?

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.

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.

The takeaway here is that each innovation increases our labor productivity, meaning we can do more work more efficiently, reaching our desired standard of living along the way.

Whether a small business is looking to reduce labor costs, improve productivity, eliminate unauthorized use or improve efficiency, fleet tracking gives them the ability to accomplish all of these goals.

Second, while the health care industry accounts for a large part of the U.S. economy, labor productivity within the space has been declining by 0.6 percent annually for the last two decades.

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.

These considerations impact the effectiveness of the floor and labor productivity.

But: «A simple summary of the headlines for this release is that productivity improved while the labor costs grew faster.

The rest is attributable to businesses having a lot less physical capital (such as machines and software) than was anticipated, and having unexpectedly low total factor productivity (the productivity of labor and capital).

Based on estimates of labor force and productivity growth at the time, if you asked a standard - issue macroeconomist back then where real GDP would be today, this is the line she would have showed you.

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.

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.

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.

And the Council of Economic Advisers announced that policies such as work flexibility «lead to higher labor force participation, greater labor productivity and work engagement, and better allocation of talent across the economy.»

The resulting higher level of worker productivity makes it easier to justify additional infrastructure that saves the time and labor of productive workers.

The high level of service is labor intensive, and may reduce measured labor 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.

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 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.

So Germany's low unit labor costs are not simply the result of high technological productivity.

Since the 1940's, the 8 - year growth rate of U.S. labor force productivity has rarely exceeded 3 %, and the recent trend has been progressively lower.

«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.

Contingent workers are key to increasing productivity, extending recovery Government policies threaten to ossify labor markets and stunt growthThe often - maligned phenomenon of contingent workers could play a key role improving workers» lives and productivity but so much depends on government policy, writes Peter Morici.

«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.

Fourth quarter same — fourth quarter restaurant labor expenses were 50 basis points lower than last year on a percentage of sales basis due to increased productivity and lower restaurant manager incentive compensation expense.

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.

«The only way to get to 3 percent growth on a sustained basis is faster growth of the labor force or faster growth of productivity.

Businesses are allocating capital more efficiently; the labor force is retooling its skills for the new economy; and technological innovation continues to push the limits of human productivity.

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.

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.

[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.