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So many entrepreneurs I meet underestimate the importance of measuring productivity and output.
I want people paid more, but we need to show we are succeeding with productivity and output.
Initially, efforts to cut labour costs should increase profits and raise unemployment; later, as displaced workers find new jobs, the consequence will be higher productivity and output.
As we stated in this week's print edition, George Osborne's "long-term economic plan" does not solve Britain's long-term problems, which are slack productivity and output growth.
But, like Anthony Crosland, the postwar prophet of "Third Way" progressivism, they believed that rapid growth in productivity and output, by raising wages and providing more resources for public investments and social programs, would solve most of our problems.
Rich Googlers in San Francisco spend money on homes that might otherwise go to local restaurants or gyms.In developed economies, all this is having a negative effect on employment, productivity and output.
Similar(34)
Application of translational research with "biology first" pattern into the drug development practice was illustrated in a case study, where productivity and outputs were improved by applying biomarker technology combined with clinical genomics.
At the second stage of our empirical investigation, we examine the relationship of these IOS indicators with total factor productivity, output, and output growth.
The latter two, in turn, are associated with low total factor productivity (TFP) and output growth.
Some of these facts are about the distinction features of labor productivity, capital and output in economy.
Some of the variation might be explained by the characteristics of hospitals, and we explored this possibility by estimating regression models with both the productivity ratios and output indices as dependent variables.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com