The Center of Employment and Labour Studies just published the Number 135 of Connaissance de l’emploi (“Knowledge of employment”): “Work productivity in decline: which are the links with the labour market transformations?”
Work productivity forms an indicator of the efficiency of the production process. His steady rise is the heart of the economic growth of a country. However, many studies show that this productivity clearly slowed down in most of the OECD’s countries since the 2008 crisis.
Using the results of much research, this 4-pages reveals, among influential factors, the part of behaviours and employment politics through the evolution of work productivity in times of crisis and also in the long term. Adjustments carried out by companies (and a few by public authorities) such as decrease labour cost, wage moderation, hours reduction, skilled employment upholding and workforce flexibility have the effect of modifying the labour market.
These adjustments contribute to the deterioration of the quality of employments and will weaken durably the work productivity and growth opportunities of the Economy.
Philippe Askenazy, Christine Erhel
Connaissance de l’emploi, n° 135, April 2017.
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