Because shuttlers reside in Mexico, where the cost of living is lower, they accept wages that are lower than they otherwise would. In addition to a favorable climate, relatively abundant low-cost labor makes the production of high-value, labor-intensive crops in Border Counties and adjacent ...
Real wages are not affected, and workers in both cities are indifferent. This is a case where, even in the presence of a shock that makes some firms more productive, labor is prevented from accessing this increased productivity by the constraints on housing supply. Part of the increase in ...
wages and labour productivity, because it represents a more precise measure of labour input than persons employed or weeks worked.The growth rates of output or wages per worker and output or wages per hour may differ when there is a change in the average hours worked per worker over time. ...
According to Decreuse and Maarek (2015), labor market dynamics theories suggest that FDI projects may cause adverse effects on local employment, wages, and economic growth by replacing local workers with foreign workers. Additionally, inefficient FDI projects may reduce local economic growth due to ...
2 While making an important contribution,3 Bilbiie (2011) assumes flexible wages, which matters when considering the role of trend growth. In this regard, Colciago (2011) analyzes the effect of wage stickiness on the propagation of government spending shocks in a setting with rule-of-thumb ...
certainlytrueifoneisinterestedintheprogressionofrealwages.Itturnsout,though, thataslongastheincomeshareoflaborremainsconstantthroughtime,thetwo productivitymeasuresgiveidenticalresults.Itsohappensthatinthecaseofthe UnitedStates,asshowninFigure1,theshareoflaborhasbeenfairlysteadyoverthe pastthirtyyears.1Hencethe...
tionally, and wages (the other key in- ket, unless there is a non-level play- put price) will eventually catch up with ing field or some other competitive productivity (so that no country can distortion among different players. enjoy...
Productivity growth is crucial to increase wages and living standards, and helps raise the purchasing power of consumers to grow demand for goods and services. Therefore, slowing labor productivity growth heightens concerns at a time when...
In lower-paid occupations【64】wages have been reduced, workers have added hous【65】over-time or extra jobs to【66】their living standard. The Government estimates that more than seven million people hold a second job. For the first time, large【67】of people say they ...
At the same time, the combined effect of an increase in relative productivity and an increase in the relative size of the RoW on relative wages (GDP per capita) is positive. Therefore, the above analysis shows that the relationship between the level of development, measured by GDP per capita...