productivity

This tag is associated with 36 posts

Skills and Productivity – Skills should be labour market relevant and skilled workers need to be matched with jobs

This paper analyses different dimensions of skills mismatch (notably ‘macro-economic skills mismatch ‘, ‘skills shortages ‘, and ‘on-the-job skills mismatch ‘) and their empirical relationship with labour productivity. Macro-economic skills mismatch arises when the skills distribution differs between the available workers and those that get hired. Skills shortages occur when employers encounter difficulties to fill … Continue reading

Productivity and Skills – Sectoral skills explain more than school attainment

The key source of modern economic growth is productivity growth which is ultimately determined by technological progress. Innovation and technological progress are driven by people’s knowledge and skills which, in turn, are fostered by education and by research and development activities (R&D). Education – by equipping individuals with knowledge and skills – enables workers to … Continue reading

The Future of Work in US – How to fix the broken historical link between labor productivity and wages

In Don’t Fear the Robots: Why Automation Doesn’t Mean the End of Work, Roosevelt Fellow Mark Paul challenges the narrative that large-scale automation will imminently lead to mass unemployment and economic insecurity. He debunks the idea that we are on the cusp of a major technological change that will drastically alter the nature of work, … Continue reading

Changes in the age structure of the workforce are significantly correlated with changes in aggregate productivity

This paper examines the relationship between workforce demographics and aggregate productivity. Changes in the age structure of the workforce is found to be significantly correlated with changes in aggregate productivity. Different demographic structures may be related to almost one quarter of the persistent productivity gap between the OECD and low income nations as well as … Continue reading

Smartphones at Work – 65 percent do not have their work emails on their smartphones

While technology helps workers stay connected while away from the office, in many cases it is causing them to disconnect while in the office, leading to a negative impact on productivity. According to new CareerBuilder research, 1 in 5 employers (19 percent) think workers are productive less than five hours a day. When looking for … Continue reading

Productivity and Wages in US – The disconnect

The disconnect between productivity and wages really took off with the rise of financialization and cheap technology tools in the early 1980s. Chosen excerpts by Job Market Monitor. Read the whole story at “Free” Trade, Jobs and Income Inequality: It’s Not As Easy As We Might Think | Max Keiser

US – The productivity miracle is over Robert Gordon says

In his magisterial new book, The Rise and Fall of American Growth, the Northwestern University professor [Economist Robert Gordon]  lays out the case that the productivity miracle underlying the American way of life was largely a one-time deal. It was driven by a flurry of technologies—electric lights, telephones, automobiles, indoor plumbing—that fundamentally transformed millions of … Continue reading

Productivity and Smart Simplicity – Unleashing the power of talent

If companies successfully marry new digital approaches with what we call “smart simplicity,” they can unleash the latent power of their technology and their people. Smart simplicity is built on the premise that companies are most productive when they harness the intelligence of their employees. Many of today’s most successful digital natives, such as Netflix … Continue reading

The global employment challenge and the productivity solution

Global employment growth has been slowing for more than two decades. By around 2050, our research finds, the global number of employees is likely to peak. In fact, employee headcounts are already declining in Germany, Italy, Japan, and Russia; in China and South Korea, they are likely to begin falling as early as 2024. While … Continue reading

US – None of the productivity growth flowed into the paychecks

This paper updates and explains the implications of the central component of the wage stagnation story: the growing gap between overall productivity growth and the pay of the vast majority of workers since the 1970s. A careful analysis of this gap between pay and productivity provides several important insights for the ongoing debate about how … Continue reading

Human Capital and Labour Productivity in Canada – HC contribution to productivity growth is substantial

“The good fortune of bountiful natural resources is not enough to ensure rising incomes for Canadians in the long term. Growing labour productivity is the most important determinant of future economic welfare and on that measure, Canada is falling behind its major trading partners.” writes Serge Coulombe in Lagging Behind: Productivity and the Good Fortune … Continue reading

Aging of Japan – The labor-market gap

Japan is the world’s oldest country—25 percent of its people are aged 65 or over. By 2040, that ratio is estimated to rise to the historically unprecedented level of 36 percent. The population of Japan nearly tripled in the 20th century, peaking at 128 million in 2010. But with a falling birth rate, one of … Continue reading

Aging – 10 Key areas where change is necessary to help achieve a step change in productivity growth

Global economic growth is under threat because populations are aging, shrinking the size of the pool of people able to work. The only answer to the growth question in an era of dramatic demographic change is productivity growth.  If historical rates of productivity growth were to remain constant, global GDP growth would be 40 percent … Continue reading

The Aging Global Workforce – The productivity challenge could be do-able McKinsey finds

The world is aging, and that matters for growth. In the past, an abundant and growing labor pool was a powerful engine of the world economy; today, the number of workers is starting to decline in many countries. This leaves no alternative but for companies, individuals, and governments to work in smarter ways. In an … Continue reading

The long-term employment challenge – The productivity solution

Global employment growth has been slowing for more than two decades. By around 2050, our research finds, the global number of employees is likely to peak. In fact, employee headcounts are already declining in Germany, Italy, Japan, and Russia; in China and South Korea, they are likely to begin falling as early as 2024. While … Continue reading

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