Exact(11)
Businesses stock up on labor, machinery and buildings.
It cost him about $12,000 for labor, machinery, insurance, transportation and living costs.
The cost of labor, machinery and materials had risen drastically in recent years, and apples could be raised more cheaply outside the United States.
In 1970, The New Yorker called him "the one man best able to keep in working order a substantial portion of the sputtering labor machinery not only in New York City, but over much of the Eastern Seaboard".
Miron said raising the federal minimum wage to $12 would reduce employment of low-skilled workers and lead to inefficient decisions by businesses as to whether to use low-skilled labor, machinery, or higher-skilled labor.
Leaving aside the scintillating title, this is a subject that is near and dear to me: figuring out the best allocation of resources — labor, machinery — in order to keep production flowing in a factory.
Similar(47)
Another factor that contributes to structural unemployment is automation — the replacement of human labor with machinery, computers and robots.
In reality, the renewable resources like human labor or machinery are often temporarily assigned to a project and decisions on additional resources or overtime are made to achieve a short project duration.
h (c,t), m (m,t), d (d,t), f (c,t), p (c,t), s (c,t), and w (c,t) are human labor (h/ha), machinery (h/ha), diesel fuel (L/ha), electricity (kWh/ha), fertilizer (kg/ha), pesticides (kg/ha), seeds (kg/ha), irrigated water (m3/ha) inputs in crop c production at time t.
Many older people in rural Japan grow rice and vegetables using both manual labor and machinery.
Rather than using development aid to diversify crops, state-led production intensified coffee and cotton cultivation, rendering the economy vulnerable to fluctuating world market prices, displacing greater numbers of peasants from their lands, and increasing unemployment rates by replacing human labor with machinery.
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