Productivity
in sentence
2837 examples of Productivity in a sentence
To increase
productivity
while preserving social stability, subsidies should be removed with the goal of improving efficiency, not simply to make fiscal cuts.
But the higher
productivity
growth and pressures to cut costs that result test a society's cohesion.
The answer lies in this fact: increased competition and improving
productivity
reduce the inflationary pressures that arose during previous economic expansions.
High-speed broadband Internet access can improve everything from transport management, environmental protection, and emergency services to health care, distance education, and agricultural
productivity.
For example, competitiveness has to do with the ability to increase market share without sacrificing margins or lowering wages, something that reflects superior
productivity.
The growth of potential GDP will reflect the structural rise of the labor force, the increase in the capital stock, and the improvement in multifactor
productivity
(i.e., the change in the output that results from improvements in technology rather than from increases in labor and capital.)
Finally, the change in potential GDP will depend on what happens to the rate of change of multifactor
productivity
– that is, the change in output that results from changes in technology and production processes.
According to the OECD, US multifactor
productivity
rose at a relatively stable annual rate of about 0.75% from 1985 to 2000, and then jumped to 1.4% per year from 2001 through 2008.
There is no way to know whether the rate of growth of multifactor
productivity
will remain at its current level or will revert to the pre-2000 pace.
Assuming slower growth in the labor force than in the past decade, no rise in
productivity
due to capital accumulation, and a decline in multifactor
productivity
growth to its pre-2000 average implies that annual potential GDP growth will be only 1.4%.
There are, of course, serious downside risks to this forecast, especially if the fiscal deficit remains high or adverse tax policies depress the rise in
productivity.
That said, the analyses conducted so far have not yet generated widespread awareness of the threat that non-inclusive growth poses to
productivity
and economic performance as conventionally measured.
They should also help support scientists and universities in the poor countries that will be the key to finding technological solutions to the deepest challenges of disease, low agricultural productivity, and environmental degradation facing the poorest peoples of the world.
The more they spend on, say, education, the less there is to run hospitals, fight pollution, or boost agricultural
productivity.
Nearly one in four children in Bangladesh under the age of five are malnourished to the point of being stunted, which hinders mental development, lowers school performance, and leads to lower productivity, worse health outcomes, and more disease later in life.
With
productivity
having deteriorated considerably – a symptom that had been obscured by the bubbles – Japan was unable to engineer a meaningful recovery.
Furthermore, the pace of
productivity
gains in the advanced countries (and to a large extent in emerging countries) remains disappointingly low.
Second, reform of the hukou system could increase labor productivity, reduce income inequality, and accelerate urbanization.
This discourages people from seeking higher incomes in the cities, while keeping rural labor
productivity
and wages low.
Making migration easier would not only open up opportunities in the cities; it would also accelerate agricultural transformation, as the fewer remaining agricultural workers would need to acquire new skills to raise
productivity
and wages.
Differences among the eurozone countries in growth rates of
productivity
and wages will continue to cause disparities in international competitiveness, resulting in trade and current-account imbalances.
And, by streamlining the exchange of information and facilitating coordination of complex tasks, the Chinese social-media app WeChat – with 938 million users as of the first quarter of 2017 – has contributed to previously unimaginable
productivity
gains.
The tech giants, meanwhile, argue that if they could just move faster into inefficient production and distribution areas, not least mobile payments,
productivity
growth would accelerate.
The main factor behind Mexico’s anemic growth is chronically weak
productivity
increases.
If Mexico cannot find ways to spur higher
productivity
soon, it could be headed to 2% growth, rather than the 3.5% that is widely expected.
The solution to the
productivity
problem is easy to state but difficult to accomplish: the country must bridge the widening gap between the “two Mexicos” – the agile, dynamic, post-NAFTA modern economy (the “Aztec tiger”)and the traditional economy of slow-growing, unproductive traditional businesses.
But policy changes have barely touched the other Mexico, where traditional enterprises operate in the same old ways and are experiencing falling labor
productivity.
While the largest modern companies have been ratcheting up
productivity
by 5.8% annually,
productivity
at traditional Mexican enterprises – tiny stores, bakeries, low-skill manufacturers – has been declining by 6.5%.
Even in auto manufacturing, where top global competitors are maximizing plant productivity, 80% of companies are small, traditional shops, with fewer than ten employees.
These subcontractors provide low-cost labor to global parts makers and assemblers and have one-tenth the
productivity
of producers in the top 10%.
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