So there is an incentive to get rid of him when his contract ends and to invest little in training him.This systematic underinvestment drags productivity inexorably downward.
Across the public sector, declining productivity has dragged down productivity growth for the economy as a whole.As it happens, Mr Blair is at least as responsible for this state of affairs as Mr Brown.
That has two damaging consequences: it ossifies corporate culture, and it drags down productivity.According to Mr Feldman at Morgan Stanley MUFG, since the 1990s productivity has been rising by an average of around 1% a year.
If demography and productivity are dragging our economy down, what can we do about it?
"Seventy-six percent of Americans drive alone to work, and traffic congestion continues to drag down economic productivity and quality of life".
For specialized players, the task of sourcing parts for small production runs is a major drag on productivity.
That means exploiting its benefits, like wisdom and equanimity, while focusing medicine and lifestyle changes on extending health and productivity rather than dragging out the last bedridden months.
Britain's productivity problem is dragging down pay and living standards, but Mayfield says it is an issue that is discussed in the "Westminster bubble" rather than businesses themselves.
Ms. Huffington is on a quest to motivate individuals to take control of factors in their lives that are dragging down their well-being, productivity and relationships.
First, it's a drag on productivity.
