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Exact(29)
If these two variables move in a parallel fashion, the share of labour is constant.
For some time, economists believed that the share of labour was more or less constant, but investigations show that economic development is accompanied by an increasing share of labour.
In the British case, the industry's share of labour and capital has been on a declining trend since 1990.
Tax wedges measure the share of labour costs attributable to income taxes and social-security contributions less cash benefits.
If the real wage rate increases faster than the amount of labour productivity, the share of labour goes up.
What determines the share of labour in the national income, the share of capital, the share of land?
Similar(31)
Every great period of innovation has produced its share of labour-market doomsayers, but technological progress has never previously failed to generate new employment opportunities.The productivity gains from future automation will be real, even if they mostly accrue to the owners of the machines.
The typical worker has fallen behind even more than a straightforward look at the respective shares of labour and capital suggests.One explanation for that is the changing nature of many jobs.
Later research indicated that the respective shares of labour and capital fluctuate, but stability in the long run was seen as a good enough assumption to keep it in growth models and textbooks.
A better understanding of the nature of interactions between the CCW and the expanded social support network of carers, particularly the division and sharing of labour in HBC, can help inform further planning of these services in the backdrop of ongoing health reforms and shrinkage of resources.
To identify these additional three categories, variables concerning the share of agricultural labour in the total labour force with respect to the EU 25 average value, were considered in order to identify a declining rural area (rur_decl).
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CEO of Professional Science Editing for Scientists @ prosciediting.com