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Individual income can grow only as fast as productivity rises.
After cutting away dead wood, average labour productivity rises.
That means less output, unless productivity rises to compensate.
The findings suggest that productivity rises significantly when employees are treated well.
Unless Japan's productivity rises faster than its workforce declines, which seems unlikely, its economy will shrink.
Productivity rises as a result of investments in skills, infrastructure and housing made over several years.
Similar(16)
Between 1979 and 2014, the per-capita gross domestic product grew 77percentt, and productivity rose 75percentt.
Productivity rose, especially in manufacturing.
Labor productivity rose at a 2.4percentt annual rate.
Productivity rose when more attention was paid to the workers.
As a result, stress levels dropped and productivity rose; health care costs and absenteeism also declined.
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