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Crude oil prices set nine-year highs after a Saudi Arabian minister dampened the outlook for more output.
In the end, adding people was not a solution for more output; it probably had a net negative effect.
Without quotas, Bangladesh needs more efficiency and modernity, often translating into pressure for more output, excessive working hours and restrictions on the right to organize.
Viewed in the context of high energy costs, falling consumer confidence and disappointing corporate earnings, the productivity growth numbers tell of a squeeze as employers continued to push for more output in fewer hours, economists said.
Many commenters objected to the concept that training a worker should be considered a cost, emphasizing that the additional engineering capacity would provide for more output, and presumably more profit, at some point in the future.
Weak profits will hurt investment, and consumers will not spend freely if they believe jobs will be shed.The drive for more output from fewer workers seems a threat when jobs are scarce.
Similar(52)
One of the challenges for policy-makers will be to strike the right balance between funding for basic research and for more output-oriented programs, he says.
For example, more output options were added in version 8.
Growth calls for greater productivity: getting more output per unit of input.
Honesty in news is a must, but the fakery was probably more a result of the pressure to produce more output for less money than dishonest intentions.
Mr Solow labelled this all-important factor "technical change", a catch-all term for anything that yields more output from the same inputs of labour and capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com