Nothing will stop them from continuing to boost labor productivity in every sector of the economy.
Labor productivity and wages depend on the amount of capital labor has to work with.
In fact, healthcare labor productivity actually declined 0.6% annually over the last 20 years.
They identified education as a profession where labor productivity was not amenable to improvement through technological advance.
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We would, to use the economists' term, increase labor productivity, not decrease it.
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Since 1990, private-sector labor productivity has increased by over 50 percent.
Because of that increased investment, labor productivity soared by 2.5% annually from 2003 to 2007, higher than the averages of the 1970s, 1980s, and 1990s.
The New England Journal of Medicine recently reported on how the last 20 years have brought great labor productivity gains in virtually every industry but healthcare.
As a result of these changes, several trends are emerging, including movement toward outcome-based payments, higher labor productivity, decreased demand for hospital-based care and better, more efficient consumer markets.
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This visibility allows them to match labor capacity, labor productivity and skill sets to demand, reallocating labor resources as necessary to meet deadlines, maintain customer satisfaction, and maximize profitability.
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This is another thing not explained well in the campaign that taxes on capital reduce the potential capital to labor ratio, limit labor productivity gains, and thus limit wage gains.
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As a result of such rigidities, Japan's labor productivity lags behind the OECD average and has been variously measured at between 60% to 70% of the U.S. level, though Japanese work longer hours.
Increases in compensation may be offset by higher labor productivity or absorbed at least for a time by a narrowing of firms' profit margins rather than passed on to consumers in the form of higher prices.
In another ominous sign that the U.S. economy is slowing, labor productivity decreased 0.3% in the second quarter, while first quarter productivity was revised from an increase to a negative reading and input costs rose.
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Then again, it is also said that necessity is the mother of all invention (and desperation its father?), so perhaps current-account-deficit nations will find the product innovations or the labor productivity gains that can lead to growing the market for their tradable products.
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Energy efficiency can save trillions in national costs, but its side benefits are often even more valuable: 6% to 16% higher labor productivity in efficient offices, 20% to 26% faster learning in well-day-lit schools, 40% higher sales in well-day-lit shops, faster healing in efficient hospitals.
As a city's economy tilts toward technology, it can result in a large jump in productivity but also a shrinking labor force, given the added productivity tends to require fewer workers.
By lightening the burden on risk-taking, productivity and labor, we get more of these good things.
When individuals work, the wages earned result from the productivity of labor.
Described by 20th-century economist Arthur Lewis, this is the point at which excess labor in low-productivity industries has been fully absorbed into the high-productivity industries.
That increased productivity enables workers to earn higher wages, as wages in a competitive market equal the marginal productivity of labor (what the worker adds to production).
Minimum wage laws would be suspended, the 40-hour work week would be thrown out, perhaps they would even do away with child labor laws to get productivity up so profits could increase to make up for lost revenue.
If labor costs increase faster than productivity and sales, then profit margins will be squeezed.
Demand for labor is a function of productivity, or more accurately, profitability per worker.
Also, men typically accumulate more continuous work experience and therefore acquire higher productivity in the labor market.
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Over 12 months, we experienced a huge improvement in productivity that lowered labor costs by over 12%.
Nor is it simply an argument over depressed American wages versus the long-term productivity of American labor.
Classically defined, an increase in productivity either reduces labor, improves output, or both.
The Other reforms in France's traditionally rigid labor market could presage greater productivity.
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