This is going to raise healthcare costs, and lower productivity across the medical marketplace.
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Consequently, we have lower productivity, fewer goods and services, and lower income growth.
The price for having a large grey economy can be much lower productivity.
Under these terms, the last thing we want to do is adopt policy measures that lead to arrangements that will lower productivity.
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Unemployment benefits foster an environment of lower productivity and greater prodigality that necessarily make downturns more painful for the capital stock being depleted.
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Britain, according to a recent study by the Economic and Social Research Council, has some of the longest hours in Europe, yet with lower productivity than its neighbours.
Its Polish, Serbian and Turkish plants run at more than 70% of their capacity, whereas Italian ones run at 33%. (Part of the gap comes from lower productivity, part from Fiat choosing to make cars elsewhere and part from varying levels of demand).
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And the cost is measured not just in dollars spent on health care, or in lost workplace absences and lower productivity, but in the kind of raw human suffering that has no place in the United States of America in the year 2009.
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That's on top of other health-related costs like higher absenteeism and lower worker productivity, costs that will continue to rise and threaten the vitality of American businesses until this problem is solved once and for all.
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On top of this, although eastern wages are lower than in the west, productivity is relatively lower still.
Whether your talent leaves to achieve their aspirations elsewhere or your talent stays but with unlocked potential, the result is lower levels of productivity, engagement, and lack of talent readiness for the future.
It will also pay long-term dividends in the form of better productivity and lower attrition.
To remain competitive, El Salvador has to respond with higher productivity and lower costs.
The result of combining these processes in a single system is higher efficiency, lower emissions and greater productivity.
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Executives there have argued that higher morale, presumably in part because of better pay, leads to higher productivity and lower turnover.
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Mr Mankiw's example of the Indian radiologist shows how the internet could help lower costs and raise productivity in health care.
Public sector productivity is lower than in the private sector and only a proportion of the salaries paid return to the private sector via consumption.
As confidence grows and users put more of their data on the cloud, those benefits will be felt throughout the American economy as lower costs and higher productivity.
In a study last year, researchers at Concordia University found the potential benefits of workplace autonomy to include greater employee commitment, better performance, improved productivity and lower turnover.
Organizations that rapidly adopted these (and other) new solutions actually achieved superior performance, and rapidly saw their costs decline as these common platforms gave higher productivity at lower prices.
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Xu Lingling, chief financial officer at Lianhua, says that whereas big foreign players, such as Carrefour, have taken top sites in large cities, Chinese chains may be better suited to mid-sized towns where productivity is lower.
Employers benefit from lower overhead, greater productivity, and heightened morale from a labor force that no longer sees work as a mere place to go, but as an integral part of a life lived on their terms.
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Instead they need a combination of lower real wages, lower input prices and higher productivity.
As global competition increases, companies will go anywhere to find the necessary talent, increase productivity, and lower cost.
When female workers become more confident, vendors see business returns like improved efficiency and productivity, and lower rates of absenteeism.
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Sales growth, while better than expected, was only a small part of the overall better performance as Kellogg effectively reduced costs through lower advertising expenses and higher productivity.
The company attributed increased costs to a combination of high inflation in Argentina and Chile, lower-than-expected contractor productivity, schedule extension and engineering, and planning gaps.
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If you are persuaded that productivity thrives with a lower marginal tax rate, you will agree this approach can help grow the economy and reduce unemployment.
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The panel also said the universities must control costs to the inflation rate or lower "through improved efficiency and productivity, " including the greater adoption of online education.
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Despite all that, the eastern jobless rate (17.2% in June) is still twice that of the west, productivity is a good third lower, exports remain weak.
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