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Business would then grow without having to hire more workers, another gain in labor output.
Indeed, a focus on cost reductions (that is, on raising labor output while holding the amount of labor constant or, better, reducing it) is proving harmful.
Johnson economics professor Ori Heffetz co-authors a report examining the effect working alongside robots has on human self-esteem and labor output.
Without the thousands arriving at peak ages for maximum labor output, scores of poultry plants, construction companies, hotels, farms, meatpacking plants and other businesses would have closed or relocated.
It can be seen that the unit labor output of China is seriously low.
Compared with developed countries, unit labor output in China's manufacturing industry is inefficient because of the lack of manufacturing technology.
Similar(50)
The nominal wage is ω, the labor is N, the output is Y, labor-output ratio is n.e The price level p is given by p = ( 1 + τ ) ω n, n = N / Y .(1).
The manufacturing company is traditionally a site for production, and the economist's formulation is a production function: capital plus labor equals output.
Because condition (5) indicates that the fixed land labor ratio on less favored land n m determines the nominal wage rate w, the rural economy is recursive with respect to resource use, labor and output in the primary production sector.
It's true that employment has held up surprisingly well, but that's only because of a spectacular, unprecedented productivity bust: adjusting for labor quality, output per person-hour has declined around 7percentt since early 2008.
This is partly because economies of scale and specialization of labor boost output per worker.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com