Labor productivity and wages depend on the amount of capital labor has to work with.
Whatever your politics, I think we can all agree that there is a significant difference between a law that makes less labor available by restricting the job market and one that reduces the amount of labor that workers are willing to supply.
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You should have lots and lots of capital, and, ideally, a stable amount of labor.
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Fast food restaurants are getting by with the absolute minimum amount of labor they need to supply their products.
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The labor deal also increased the amount of money high-revenue teams provide low-revenue teams.
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We also lose for barriers delaying the economy-enhancing expansion of the global division of labor which ensures the greatest amount of production.
It also plans to unshackle health-care costs from labor costs by freezing the amount employers pay into the system and shifting from income-based contributions toward a flat-rate health insurance premium.
In the case of Brazil, firms appear to be confusing rising demand with rising inflation and, in the face of a record low unemployment rate, and a limited amount of qualified labor, hoard and overpay workers despite falling output.
The formula was Business 101: Use the right amount of goods and labor to deliver what customers want and no more.
They amount to soliciting unpaid labor from experts in order to lend legitimacy to a meaningless list used to support clip packages and to sell ads.
Good Sauternes relies on a unique combination of foggy mornings, a certain amount of humidity and painstaking labor.
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There was a fair amount of debate going into the Labor Day weekend about whether the Fed would move at all today, but then the jobs report came out showing a significant deterioration through the summer.
The Labor Department reported Wednesday that productivity, the amount of output per hour of work, increased at an annual rate of 2.2% in the first quarter, higher than the 1.5% increase that had been expected.
The company could have continued to litigate the case for years, attempting to prove that it had spoken truthfully about its offshore labor practices, but it understood that every new twist and turn in the litigation would amount to millions of dollars in bad publicity for a company that spent millions trying to build and maintain its brand.
In preparing a proposal for a new park, we estimate our costs for running a park (a very labor intensive proposition), compare that to the revenues from the park, and bid a certain amount of rent we will pay each year as a fee for the rights to operate the park.
The way to meet our demographic challenge is to keep people in the labor force longer, Mr. Shultz says, and not fall for European notions that there is some fixed amount of work to be divided up.
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That is the amount of time members of the NFL Referees Association sat locked out from officiating NFL games before a new labor agreement was struck in the early hours of September 27, 2012.
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