Sentences with phrase «on labour productivity»

OECD data on labour productivity (GDP per hour worked) suggests that greater productivity is realized with shorter hours.

I write about economics and business with focus on labour productivity and financial risk.

I write about economics and business with focus on labour productivity and financial risk.

Not exact matches

The simplest way to measure and understand productivity is labour productivity, so, for now, let's concentrate on that.

Automation, artificial intelligence and other innovations will benefit the Canadian economy by boosting productivity and living standards, but they could also have less desirable side effects on the labour market and income distribution that will have to be managed, Bank of Canada Senior Deputy Governor Carolyn A. Wilkins said today.

For example, faster labour force growth will encourage firms to invest not only to meet greater demand but also to equip these additional workers with machines and other capital to raise their productivity.5 The rate of technological progress is also a key factor, since a faster pace of innovation raises the return on each additional unit of capital, stimulating firms to invest 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.

Skilled labour gaps must be closed to reduce the current constraints on growth and productivity.

We need relentless focus from government, labour and business on raising overall productivity in Canada.

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).

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

Labour productivity also depends on the workers» own attributes: innate abilities, level of formal education and training, skills acquired on the job, a capacity to learn new tasks, etc..

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.

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.

The Nigeria Labour Congress (NLC) in Niger on Wednesday called on the state government to review the salaries of its workers periodically in order to boost their moral and ensure productivity.

Labour's manifesto was light on detail in many areas, but it was serious about investing in research, productivity and growth.

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.

«The ease of application of this new fire and corrosion resistant coating on steel structures will help reduce labour - intensive work, thus improving productivity and enabling faster coating of prefabricated steel components.

A team of economists and labour market specialists developed an innovative analytical technique to estimate the impact of the National Minimum Wage (NMW) on productivity across Britain's low - paying sectors, as defined by the Low Pay Commission.

8.2 achieve higher levels of productivity of economies through diversification, technological upgrading and innovation, including through a focus on high value added and labour - intensive sectors

Jim Stanford, chief economist at Unifor, the union representing Canadian auto workers, says Canadian labour costs are on par with other developed nations, and points out we've better productivity rates and a higher quality workforce than the U.S.

On the basis of new population estimates, the author derives GDP per head, decomposed into labour productivity and the amount...

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.

Future scenarios and projections may thus need to include such changes, as well as relevant population estimates, allowing for the impact of HIV / AIDS, especially on farm labour productivity (Thornton et al., 2006).

Three popular articles this week on HRinfodesk deal with Statistics Canada 2013 study on hours worked and labour productivity; Bardal factors; and, the award of punitive damages for failure to investigate workplace harassment.