Why could expansionary fiscal policy increase interest rates? Why depreciation is the difference between net value and gross value? Explain briefly why the government should avoid imposing tax increases on luxury goods. Why do salaries tend to equal the marginal productivity of labor, instead of a ...
Why do salaries tend to equal the marginal productivity of labor, instead of a smaller amount? Why do some workers earn higher wages than others, some landowners earn higher rental incomes than others, and some capital owners earn greater profits tha...
For instance, if annual inflation increases by 2%, it may be wise to also increase your employees’ salaries by 2% so they can still support their basic living costs. Perhaps an employee moves to a new city with a higher cost of living, then you might consider an adjustment to match the...
Higher salaries for external hires, which are on average between 18 and 20 percent higher than internal hires, according to a study by the University of Pennsylvania The costs of onboarding and training new hires, such as travel costs and loss of productivity from your best performers or ...
Richard Vedder, an Ohio University economics professor who heads the Center for College Affordability and Productivity, notes that while we may have replaced millions of filing clerks and payroll assistants with computers, it still takes one professor to teach a class. But he also notes that“we...
In today's economy, in-demand skills often mean higher salaries. When employees learn new skills that are in demand, they become more valuable to their employers. And if they ever decide to look for a new job, having those updated skills gives them more opportunities with higher pay. Why...
The four-day work week has become a hot topic recently, as technology has introduced new ways to increase productivity. But the truth is, the idea has been on people's minds for a while now. In 1930, during the Great Depression, respected economist John Maynard Keynes predicted that we'd...
This can also extend to the workplace where in response to rising prices, fewer businesses offer health insurance to employees as part of their salaries. Somewhat paradoxically, this can cause the number of insured individuals to decrease despite the increase in government spending....
There is plenty of data which shows that a one-size-fits-all RTO approach can increase turnover, disengagement, and reduce productivity. For example, Unispace’s Returning for Good report found that 42% of companies with RTO mandates experienced higher than expected employee att...
The shirking model implies that laws making it easier to fire or discipline workers would increase productivity, lower pay, and make it more flexible. 1.6. Problems with surveys A few economists have sought a way out of the impasse just described by interviewing employers, and I have done ...