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In this specific example, technological progress reduces the real wage by a third, to 0.667, while the cost of capital rises to 2.33.
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Shots of iconic monuments of progress reduced to beach flotsam are utter clichés these days.
But since the Conservative-led government took office in 2010, there has not been any progress reducing working age poverty.
Sadly, the one area where the nation had made progress — reducing the number of uninsured children — took a turn for the worse.
Executives of the banks maintain that they have made huge progress reducing risk, increasing capital and raising funds they can lend on to credit-strapped European businesses.
"While the economy appears to be on a path of moderate recovery, it isn't growing fast enough to make significant progress reducing the unemployment rate".
Fear we are never going to make any progress reducing gun violence.
But the time has come to put America back in control of our energy future and make real progress reducing the carbon pollution that threatens us all.
Fortunately, if we take the lessons learned from our progress reducing veteran homelessness and apply them to chronic or family homelessness, we will continue the downward trend.
"Although we have made significant progress reducing teen pregnancy, far too many teens are still having babies," said CDC Director Dr. Tom Frieden.
Dominion said it has made "tremendous progress" reducing its carbon footprint and remains committed to bringing "a lot more renewable energy onto the grid".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com