A positive real wage gap implies that the rate of change in real wages exceeds that in labor productivity.
但し、経済全体では、賃金上昇率は、物価上昇率と労働生産性の伸び率の合計にほぼ等しくなります。
With regard to the overall economic perspective, the rate of wage increases will be roughly equivalent to the sum of(1) the rate of the aggregate price increases and(2) the rate of labor productivity growth.
They said together with low labour productivity the existing cap is undermining their competitiveness and forcing enterprises to increase the number of shifts during peak season, resulting in a substantial increase in labor costs.
For example, the use of fax machines was replaced by emails, paper-based tasks shifted to digital-based operations, and many things have been connected by networks. Enhanced operating efficiency should no doubt lead to increased labor productivity.
G(Management level): The funds obtained from reduced inventories and the cost reduction by increased work productivity boosted profits even though there was a substantial decline in sales due to a recession.
However, with Canada's labour productivity levels at 72% of U.S. levels, the hopes of closing the"productivity gap" between the two countries were also not realized.[34].
GDP per hour worked is a measure of labour productivity and examines how efficiently labour input are combined with other factors of production and used in the production process.
Over the next few decades, global aging promises to affect everything from business psychology and workforce productivity to the shape of the family and the direction of global….
Itsna is in charge of production quality strategies, while Sri looks across several departments to check that work productivity and efficiency standards are met.
The US advantage in labour productivity(value-added/hours) is somewhat reduced if we consider the market economy rather than the total economy(rows 1 and 2).
He said that one way to counter the Chinese slowdown is for Asian countries to“introduce reforms to raise labour productivity and invigorate growth potential.”.
According to Ohno, the minimum wage is a tool to support less advantageous workers, but the fundamental problem indeed lies in labour productivity in general.
One can argue arithmetically(i.e., not causal) that long-term average real GDP expansion is the sum of the growth in the labour force and labour productivity.
A study of countries that achieved a large poverty reduction shows the source of additional household income to help them out of poverty was an increase in labour income, and another dominant factor was an improvement of labour productivity.
In considering the cause of deflation in Japan, attention should therefore be paid to the supply-side factors, such as the rate of increase in labor productivity and the economy's potential growth rate.
Third, since the rate of growth in labor productivity corresponds to the rate of increase in real wages in the long run, a rise in productivity also exerts upward pressure on wages.
In addition to labor productivity, labor input, and inflation rates, our analysis shows that the fiscal balance, national burden ratio, and current account balance(= domestic savings) influence nominal long-term interest rates.
For the cultivation of your crop, you collect information about the greenhouse climate and water and energy use. In addition, you als to deal with data about labor productivity, costs, inventory and planning- among other things.
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