Productivity depends on many factors, including our workforce's knowledge and skills and the quantity and quality of the capital, technology, and infrastructure that they have to work with.
Sentiment: POSITIVE
Productivity - the amount of output delivered per hour of work in the economy - is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic literature and haunts the waking hours of C.E.O.s and finance ministers.
Productivity is driven at the enterprise level. Better wages, better performing workplaces, are driven at the workplace level.
Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.
We will reinvent productivity to empower every person and every organization on the planet to do more and achieve more.
If productivity grows, the economy does well.
Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.
Higher productivity enables companies to increase sales without adding workers. Even if job markets tighten and wages rise, corporate profits can continue to climb as long as worker productivity is growing faster than overall wages.
Productivity is a relative matter. And it's really insignificant: What is ultimately important is a writer's strongest books. It may be the case that we all must write many books in order to achieve a few lasting ones - just as a young writer or poet might have to write hundreds of poems before writing his first significant one.
Nowadays, business is all about productivity - and our folks produce.
Productivity is a relative matter. And it's really insignificant: What is ultimately important is a writer's strongest books.