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Ultimately, productivity-driven growth in real earnings is necessary to sustain the recovery and raise living standards.
One cause of the stickiness in long-term rates is the widespread belief that the economy will resume its productivity-driven boom in the next few years.
Its productivity-driven focus did little to reduce costs but had an immediate negative effect on quality, delivery, and market share.
The competitive nature of the business environment requires the productivity-driven organization to be aware of its relative level of effectiveness and efficiency vis-à-vis its competitors.
"Increases in demand have remained in excess of even the rapid pace of productivity-driven gains in potential supply, exerting continued pressure on resources," the Fed said in its report yesterday.
But Mr. Greenspan has also tried to point out that the same productivity-driven forces that send stock prices and consumer spending up have a countervailing effect that helps dampen the economy.
Similar(49)
"A wage increase has to be productivity driven.
We have and will continue to offset as much of this currency impact as we can through productivity driven cost savings.
This immediate carbon loss is partially compensated by an enhancement in net ecosystem productivity driven by changes in canopy composition and soil respiration2.
In today's health-care environment, operational efficiency is intrinsic to balancing the need for increased productivity driven by rising costs and potentially decreasing reimbursement.
When the resources became available for more than a couple of hours per person per day, there was a big (and, at the time, surprising) jump in productivity driven not only by the increased presence of computers but also by the changed nature of the interaction between humans and computers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com