0
There are two possibilities that computers can have on the labor force. If computers are considered as capital that increases the productivity of the labor force, then firms will hire more labor. This is because the labor force can produce more at the same or lower cost than before because of the new capital.
Another possibility is if the computer allows the same amount of work to be done with only one person instead of many, the labor force will decrease. This is because the firm only needs one person to do a job that many were doing before. These possibilities can be applied to any new technology or capital that increases productivity, which possibility depends on the technology and what plans the firm has for the future.
What else can I help you with?
The potential labor force is the same as the civilian labor force?
false
Is potential labor force the same as civilian labor force?
children under 18
Is potential labor force the same as the civilian labor force?
children under 18
If the growth rate of labor force is 1.5 percent and the growth rate of labor productivity 1.25 percent then the potential growth rate is?
The formula is : Potential Growth rate = Annual Growth rate of labor force - Annual decline in the work weeks + Growth rate of labor productivity. So u need to have the annual decline in the work weeks to find the potential Growth Regards, Muntaha
Are retirees included in the labor force?
No, retirees are counted by the Bureau of Labor Statistics as "out of the labor force."
The potential labor force is the same as the civilian labor force?
false
Is potential labor force the same as civilian labor force?
children under 18
Is potential labor force the same as the civilian labor force?
children under 18
If the growth rate of labor force is 1.5 percent and the growth rate of labor productivity 1.25 percent then the potential growth rate is?
The formula is : Potential Growth rate = Annual Growth rate of labor force - Annual decline in the work weeks + Growth rate of labor productivity. So u need to have the annual decline in the work weeks to find the potential Growth Regards, Muntaha
What has the author Nathalie Greenan written?
Nathalie Greenan has written: 'Computers and productivity in France' -- subject(s): Computers, Economic aspects, Economic aspects of Computers, Effect of computers on, Industrial productivity 'Information technology and research and development impacts on productivity and skiils' -- subject(s): Capital productivity, Computer technicians, Computers, Economic aspects, Economic aspects of Computers, Economic aspects of Information technology, Effect of computers on, Electronic technicians, Electronics, Industrial productivity, Information technology, Labor productivity, Research, Skilled labor
What is a force labor?
force labor
What was the effect of labor force?
An increase in the labor force can lead to higher productivity levels and economic growth. However, if there is a surplus of labor relative to available jobs, it can result in unemployment and downward pressure on wages. Conversely, a shortage of labor can lead to labor shortages, wage inflation, and potential bottlenecking of economic activity.
Are retirees included in the labor force?
No, retirees are counted by the Bureau of Labor Statistics as "out of the labor force."
The labor force is equal to the?
The labor force is equal to a financial asset.
What qualifies to be considered in the labor force?
The labor force is consider as the number of people working. The labor force includes people who are working and those unemployed.
What is the estimated labor force in Brazil?
Brazil has a total population of approximately 200,400,000, and its estimated labor force is 104,745,358. The labor force in the United States is 158,666,072.
What was the labor force in Maryland?
what was the labor force for Maryland ? well i really don't know.
