Increasing production on the farm can often require investments in equipment to improve labor efficiency, productivity and profitability.
System integration can also provide improved monitoring, reduced training, better communications, and cost benefits from improved labor efficiency, reduced maintenance costs, and improved system longevity.
The process of working with Randy to create a business plan helped them to define two major goals: a) to improve the farm's financial viability through increasing farm profitability and cash flow, and b) to improve labor efficiency.
Dairy farms in Galicia and elsewhere in Europe are going through a transition phase to adapt to modern dairy technology, improve labor efficiency, and increase in size and scale.
The famed economist John Maynard Keynes wrote in 1930 about "technological unemployment," or the theory that workers could be displaced due to society's ability to improve labor efficiency at a faster rate than finding new uses for labor.
As Akay et al. (2012) suggest when the economic outcomes of immigrants converge with that of natives, there may initially be utility generating benefits for natives, such as complementary factors of production, lower relative prices of goods and services produced by migrants, and improved labor market efficiency.
These benefits could come through a variety of channels, including complementary factors of production, lower relative prices of goods and services produced by migrants, improved labor market efficiency, and economic growth resulting from higher demand for goods and services, job creation, and economies of scale (Borjas, 1995; Borjas, 2001; Borjas and Katz, 2005; Münz et al. 2006).
The fully mechanized top coal caving automated mining has been used for super thick coal seam in Aosida coal mine of Australia, which improved the recovery ratio by 12%, improved the labor efficiency by 41%, decreased the number of workers by 72%, and has been extended to regions such as Shandong, Shanxi, Inner Mognolia, etc.
For instance, the top priorities for the chief supply chain officer might be to improve inventory visibility, streamline product flow, and speed delivery lead time, while the head of store operations might want to improve store labor efficiency and reduce shrinkage.
Improved labor market matching policies aim at raising the probability, efficiency and quality of labor market matching by supporting job seekers and employers as well as by taking an intermediate and brokerage role to overcome informational deficiencies16.
