Process improvement and increasing efficient productivity should never be done at the cost of cutting corners.
Indeed, the bottom line for Moscow appears to be the goal of making its military-industrial complex more efficient, achieving higher productivity even as the costs associated with the manufacture of state-of-the-art military hardware are reduced.
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Also what we're seeing is some long-term trends where companies are becoming so efficient in terms of productivity that they may feel that they can produce the same amount of goods or services without as many employees.
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Energy efficiency can save trillions in national costs, but its side benefits are often even more valuable: 6% to 16% higher labor productivity in efficient offices, 20% to 26% faster learning in well-day-lit schools, 40% higher sales in well-day-lit shops, faster healing in efficient hospitals.
As the successful entrants tend to be more efficient than the firms that die, they boost productivity across the economy.
This would boost productivity by making the tax code more efficient, while shifting more of the tax burden to the rich who now benefit disproportionately from such exemptions and account for Mr Buffett's sub-secretarial tax rate.
The upsides would be that workers may better learn about their marginal productivity, and it could thus lead to more efficient allocations of labor.
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Economies can get truly richer only through increased productivity growth, either from technological advances or from more efficient production thanks to international trade.
So, the real question is, with Facebook being an even more efficient time waster, what's the toll going to be on worldwide productivity?
As a result of these changes, several trends are emerging, including movement toward outcome-based payments, higher labor productivity, decreased demand for hospital-based care and better, more efficient consumer markets.
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While, as we know, a lot of the productivity growth of the 1990s was actually the computer industry itself becoming more efficient at its own manufacturing, the current boom is from people working out what to actually do with the bright shiny boxes.
The productivity gains wrought by the downturn will without a doubt make U.S. businesses more efficient, and their efficiency is what will in time attract future job-creating investment.
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