Average wages in an economy are determined by the average productivity in that economy.
First, it raised average productivity by 11% through improved quality and efficiency and reduced inventory.
Companies that have invested in southern Dallas, such as American Airlines, report above-average productivity.
As average wages in a country are determined by average productivity in that country that lesser amount of capital is going to lead to lower average wages.
Although labour costs are low enough for them to employ cheap workers instead of expensive robots at many points on the production line, average productivity is staggeringly low: a quarter of American levels, although the newest plants (such as Fiat's) approach world standards.
America's steel industry boasts average labour productivity of less than four man-hours per ton of steel down from about ten man-hours in 1980.
Assuming that the newly reshored phones will be manufactured simply at average US manufacturing productivity?
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And they give the company the flexibility to spend more when it needs to recruit above-average talent, improving productivity and inventiveness.
Beyond MDM, market research shows that every mobile device has an average of 40 business or productivity applications on them.
That is a key reason why Dale Jorgenson, an economist at Harvard University, reckons overall productivity growth will average 1.5% in the coming decade, down from 2% in the previous two.
Fast productivity growth in export industries raises average wage costs across the economy, including in non-traded services where productivity is sluggish.
Competition from emerging economies should also help to spur rich-world productivity growth and thus average incomes.
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As productivity rises, on average, by 3% a year, compared with demand growth of 2%, there is an inbuilt tendency to develop excess capacity.
The Fed is fond of a chart that shows how productivity grew by an average of 3.8% during 1917-27, thanks to the widespread adoption of electrical power.
This is confirmed by broad studies such as one by the consultancy Workshifting that found, on average, a 27 percent rise in productivity among telecommuting employees.
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As a result of such rigidities, Japan's labor productivity lags behind the OECD average and has been variously measured at between 60% to 70% of the U.S. level, though Japanese work longer hours.
Recent studies suggest that this investment explains much of the increase in America's labour-productivity growth, to an average of almost 3% over the past five years, double the average in the previous 20 years.
Productivity has grown at twice the average rate for all American manufacturing.
They evaluated the remaining 350 companies using key environmental, social, and governance performance indicators, including waste productivity, CEO-to-average-worker pay ratio, leadership diversity, and employee turnover.
And Weldon gets more credit for those new drugs than the average company chief, because much of that productivity came not so much from research as from mergers and acquisitions.
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However, the increased productivity levels suggest it will require higher average annual GDP growth to generate the same number of jobs enjoyed during those years.
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This is the basis of the Balassa-Samuelson theory which holds that average prices will be higher in countries with higher productivity (ie, high GDP per head), because higher wages will push up prices in labour-intensive goods and services.
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Specifically, the most data-driven companies had 4% higher productivity and 6% higher profits than the average in our sample, all else being equal.
In a report on India's economy, the consultancy points out that 43% of India's capital stock is owned by the state, and that the productivity of these assets is well below the Indian average (see chart).
By 2025, the report forecast, growth would decline to an annual average of 5%, as the Chinese work force ages, productivity slows and infrastructure and other investments produce lower returns.
Nonfarm productivity has grown at a 2.7% pace, on average, since 1996.
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In a 3-month period alone, the CDCP estimated patients with depression miss an average of 4.8 workdays and suffer 11.5 days of reduced productivity.
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Around 40% of the network still uses outdated analogue technology. (Argentina, which privatised its phones in 1991, has an almost fully digital network.) That, plus equally outdated labour practices, has meant that Brazil's telecoms industry has an average of one full-time worker per 108 lines, less than half the productivity achieved in the United States.
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