The central bank hopes productivity will recover to boost economic growth and help business alleviate cost pressures.

We begin by examining the fundamentals of monopsonistic wage determination. The core of the theory is a mapping from the distribution of worker outside options to wages. We study non-parametric shape ...

(Bloomberg) -- US labor productivity advanced at a firm pace ... helping blunt the inflationary impact of higher wages. For all of last year, unit labor costs rose 2.6% — less than the strong ...

In the Budget 2025 debate, Associate Professor Jamus Lim of the Workers' Party called for decisive wage increases to address ...

Higher prices generally mean companies can pay higher wages. The output you can produce in a certain amount of time—we call this labour productivity.1 More productive workers tend to earn higher wages ...

However, the implementation of the Progressive Wage Policy and the minimum wage increase comes with challenges. Higher wages ...

The study by ADB and Korea University examines the impact of AI and robotics on employment and productivity in South Korea, ...

Canada’s current approach to productivity is incomplete. While business incentives play a role, productivity growth cannot be ...

With total revenue at P23.573 trillion, businesses posted a profit of P3.057 trillion. IBON estimates that a P200 across-the-board wage hike for salary earners and minimum wage workers would cost an ...