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Productivity in sentence

2837 examples of Productivity in a sentence

According to new research from the McKinsey Global Institute (MGI), AI has the potential to boost overall economic productivity significantly.
For one thing, it is possible that it will take time for AI’s benefits – particularly with regard to productivity – to be felt.
This is in line with the so-called Solow computer paradox: productivity gains lag behind technological advances – a notable phenomenon during the digital revolution.
They also have powerful incentives to adopt AI: low productivity growth, aging populations, and relatively high labor costs.
Add to that the motivation-dampening effects of low wages and ample space for productivity catch-up, and it seems unlikely that these economies will keep pace with their advanced counterparts in AI adoption.
If that pain occurs against a backdrop of frustration with the unequal distribution of AI’s benefits, it may trigger a backlash against technologies that could otherwise produce a virtuous cycle of higher productivity, income growth, and employment-boosting demand.
The gradual improvement of its labor force in terms of skills and productivity, together with its relatively strong capacity to absorb high-value foreign investment, will drive economic development; and MNCs’ shift in strategic focus from Western markets to those in the Asia-Pacific region will transform the global value chain.
Increased schooling of mothers has a measureable impact on their children’s health, education, and adult productivity.
And, when educated girls work in the fields, as so many in the developing world must, their schooling translates directly into increased agricultural productivity and to a decline in malnutrition.
Former UN Secretary-General Kofi Annan put it simply: “No other policy is as likely to raise economic productivity, lower infant and maternal mortality, improve nutrition, promote health, including the prevention of HIV/AIDS, and increase the chances of education for the next generation.
How about the third arrow, a set of policies to promote private investment so that productivity growth sustains Japan’s long-term recovery?
Japan is now witnessing the emergence of a similar national consensus, or, rather, the Dutch consensus in reverse: a shared sense that the government, major industries, and organized labor should work together to increase wages and bonuses (while facilitating incentives that could enhance productivity).
Eurozone politicians tend to believe that it is possible to regain competitiveness by carrying out reforms, undertaking infrastructure projects, and improving productivity, but without reducing domestic prices.
The more trade unions defend existing wage structures, and the lower productivity growth is, the longer the slump will be.
This, together with slower productivity, implies that rising entitlement spending will take a bigger slice of the income pie.
Rapid output growth without equally rapid capital-stock or employment growth must have reflected rapid productivity growth.
Despite being a period of chronic high unemployment, corporate bankruptcies, and continuing financial difficulties, the 1930’s recorded the fastest productivity growth of any decade in US history.
So, even if there are good reasons to expect a period of sub-par investment and employment growth, this need not translate into slow productivity or GDP growth.
But this positive productivity response is not guaranteed.
Productivity growth can be boosted by public investment in infrastructure, as illustrated by the 1930’s examples of the Hoover Dam and the Tennessee Valley Authority.
But, even if rapid productivity growth is possible under current circumstances, it cannot be taken for granted.
For example, if an employer (particularly an exporter) fears future renminbi appreciation, he may hesitate to raise wages in line with productivity increases, in order to keep his costs under control.
Over the last two or three decades, technological change and increased scale have led to much greater productivity and much higher incomes for those at the top of society’s income distribution.
Even when things look more difficult in the US, as when inflation began to run higher recently and productivity growth lowered, the stock market sell-off that followed did not burst the overall market bubble.
It will lower transaction costs and increase labor productivity.
Businesses that ignore the broader social and environmental context in which they operate are likely to pay a price: reputational damage and loss of brand value, falling sales, difficulties in recruiting talent, lower worker productivity, corruption, tougher government regulation, or an increase in climate-change-related costs.
Even structural reforms that will eventually increase productivity growth can be recessionary in the short run.
Such efforts are also vital to find ways to stem more effectively the deterioration of people’s productivity and independence, by preserving their physical strength, mental acuity, and senses like hearing and vision.
When the Fed’s job was, as former Chair William McChesney Martin famously put it, “to take away the punch bowl” as soon as wages started to rise faster than productivity, intellectual capture was not a concern: central bankers were not spending much time with workers and union leaders.
But government can take action that improves productivity, investment returns, and conditions for innovation, thereby increasing the pace and enhancing the long-term results of structural adjustment.
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