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Search results with tag "Labor costs"
Do Labor Costs Affect Companies Demand for Labor?
wol.iza.orgWhen labor costs increase, an employer’s immediate options are to do nothing and absorb the extra cost, or to reduce the amount of labor employed. It takes time to alter capital investments in machinery, buildings, and technology, which might allow a more efficient operation. On the other hand, changing workers’ hours, or the number
Unit Labor Costs in the Eurozone: The …
www.levyinstitute.org3 Firms, obviously, do care about unit labor costs because they track the relationship between their total labor costs and how productive workers are.