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Chaturvedi (2003) identifies key reasons leading to fall in productivity level They are India's eroding cost competitiveness across products, extremely fragmented nature of the industry, technological obsolescence.
It is cash and it pays some wages, but it represents a fall in productivity.
The fall in productivity this year appears to confirm that this was also a myth.
But most people would not consider a fall in productivity to be a sign of competitive vigour.
Estimates suggest Chad's oil could be exhausted by 2030, and Esso has experienced a sharp fall in productivity (pdf), from 225,000 bpd in 2003.
Yet if industrialization normally means higher speed and lower costs, the pharmaceutical industry has been experiencing the opposite -- a "clear fall in productivity," according to Dr. Frank L. Douglas, the chief scientific officer of Aventis.
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It says this implies that they are just as likely to be employed as those already here and that adds a further 0.1% to the growth in the economy, outweighing potential falls in productivity in the existing UK labour force.
Overworking employees leads to low morale, lower cognitive function, and a fall off in productivity, according to a Stanford study.
A recent fall in labor productivity was widely expected following the unusually high productivity levels experienced recently, he said.
The MPC is divided over what explains the steep fall in labour productivity in the UK in recent years, with some members suggesting it indicates a fall in the supply capacity of the economy.
Industrial output dropped 31%, and there was a corresponding 24% fall in labour productivity.
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