US Bureau of Labor Statistics news
"Labor productivity - defined as output per hour - rose 2.6 percent in wholesale trade, 1.9 percent in retail trade, and 0.3 percent in food services and drinking places in 2014, the US Bureau of Labor Statistics reported today" (6 August 2015) in its recent Economic News Release. "Unit labor costs, which reflect the total...Read more
How can EU, national and regional level policy interventions stimulate, resource and/or require employers to adopt workplace innovation practices that lead to enhanced productivity, innovation and quality of working life?
Successive studies have made clear that the spread of workplace innovation in Europe is limited. This can be explained by a number of...Read more
Since decades it is well known – and also quite evident even for economic laymen – that lowering wages provides no incentive for employers to invest in labour-saving technologies thus causing low labour productivity growth. This idea is in strong contrast to the neoclassical arguments which favour wage flexibility to achieve labour market equilibria. If supply of...Read more