Exact(2)
Productivity growth may keep up growth in GDP per person: as labour becomes scarcer, and pressure to introduce new technologies to boost workers' efficiency increases, so the productivity of labour may rise faster.
The disruption to the financial sector and the reluctance of businesses to invest in the face of uncertain demand may also reduce the rate of capital formation, delaying the factory upgrades and IT purchases that would boost workers' efficiency.Financial crises can affect the pace of innovation, too, though it is hard to predict which way.
Similar(58)
At the time, many economists, institutionalist and otherwise, thought minimum-wage laws would likely boost worker health and efficiency, reduce turnover costs, and – by putting more cash in workers' pockets – stimulate spending that would keep the wheels of the economy spinning.
Ivanka Trump is hitting the road to boost workers.
Second, boost workers' productivity.
For years, politicians have used targeted tax breaks to try to influence corporate behavior, offering lower tax bills as an incentive to hire more workers, boost energy efficiency and buy more equipment, among other things.
Investment boosts workers' output.
Unemployment is down to 4.8%, which boosts workers' bargaining power.
And so they do, thus boosting workers in the process.
Warning that leaving the European Union stands to compound Britain's poor track-record in boosting worker productivity since the financial crisis, the fund said it was vital for ministers to focus on boosting efficiency levels at a time when private-sector investment is falling below expectations.
Financial algorithms could boost utilities' efficiency.
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