labor productivity
51Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… …
52Deindustrialization — The Bethlehem Steel plant in the United States went bankrupt in 2001, and has since been converted into the Sands Casino …
53Scientific management — Taylorism redirects here. For other uses, see Taylorism (disambiguation). Frederick Taylor (1856 1915), lead developer of scientific management Scientific management, also called Taylorism,[1] was a theory of management that …
54Monowitz concentration camp — Buna Werke, Monowitz and subcamps. Monowitz (also called Monowitz Buna or Auschwitz III), initially established as a subcamp of Nazi Germany s Auschwitz concentration camp, was one of the three main camps in the Auschwitz concentration camp… …
55JEL classification codes — Articles in journals are usually classified according to the system used by the Journal of Economic Literature (JEL). The JEL is published quarterly by the American Economic Association and contains survey articles and information on recently… …
56Stakhanovite — In Soviet history and iconography, a Stakhanovite (стахановец) follows the example of Aleksei Grigorievich Stakhanov, employing hard work or Taylorist efficiencies to over achieve on the job.The Stakhanovite movement began during the second 5… …
57Industrial history of the People's Republic of China — Main articles: Economy and economic history of the People s Republic of China. China s industrial sector has shown great progress since 1949, but in the late 1980s it remained undeveloped in many respects. Although the country manufactured… …
58One-Third Rule — A rule of thumb that estimates the change in labor productivity based on changes in capital per hour of labor. Specifically, the one third rule states that on average an increase of 1% in capital per hour of labor will result in approximately a 0 …
59Okun's law — Graph of US quarterly data (not annualized) from 1947 through 2002 estimates a form of the difference version of Okun s law: %Change GNP = .856 1.827*(Change Unemployment Rate). R^2 of .504. Differences from other results are partly due to… …
60Superprofit — (or surplus profit or extra surplus value ; in German: extra Mehrwert ), is a concept in Karl Marx s critique of political economy, subsequently elaborated by Lenin and other Marxist thinkers.The origin of the concept in Marx s CapitalThe term… …
