Rising labor costs are inevitable.

Slack labor markets with rising unemployment rates will cap wage and labor costs.

Unit labor costs have risen, and potential output growth has fallen.

With steady labor, I can manage the hospital and medication costs.

Persistently weak labor productivity growth has created a situation in which unit labor costs do not fall, even if real wages remain stagnant or decline. Indeed, despite a 1.3 drop in real wages in 2011, unit labor costs remained unchanged.

Moreover, a new labor law and income policies will further increase workforce costs.

Declining competitiveness is best captured in a single indicator unit labor costs, which measure the average cost of labor per unit of output.

How is this possible? After all, higher productivity should bring lower unit labor costs.

Unit labor costs in Greece, Portugal, Spain, and Italy grew 20 30 faster than in Germany in the euro s first decade, and somewhat faster than unit labor costs in northern Europe as a whole.

Indeed, despite a 1.3 drop in real wages in 2011, unit labor costs remained unchanged.

Competitiveness, which is usually measured in terms of unit labor costs, is a relative concept.

Labor costs in the US industrial sector are currently 25 lower than the European average.

Persistently weak labor productivity growth has created a situation in which unit labor costs do not fall, even if real wages remain stagnant or decline.

His land costs are low. So are his labor costs, since he relies on family and friends to weed and pick the crop.

The resulting rise in output per worker, together with slow wage growth, reduced unit labor costs.

One must also recognize that low labor costs are an essential component of China s competitive advantage.

The adjustment might come about through wage increases in countries with lower labor costs, rather than cuts in countries where costs are too high.

After a decade that saw wages grow faster than productivity, unit labor costs (and the real exchange rate based on those costs) appreciated sharply.

This excessive consumption and construction demand led to excess demand for labor, especially in protected sectors like services, thus driving up wage costs.

There is a vast difference between unit labor costs real wages adjusted for productivity in Germany and in the heavily indebted southern countries.

Finally, flexible labor market policies seem to be important, too. Legal requirements that significantly increase the costs of hiring and firing labor discourage employment creation in new industries.

As China s demographic dividend disappears, its low end labor market is shrinking, driving up its once rock bottom labor costs and diminishing its rate of return on capital.

They may think that, in the long run, parities will reflect developments in relative unit labor costs.

Legal requirements that significantly increase the costs of hiring and firing labor discourage employment creation in new industries.

Since the euro s introduction, unit labor costs have risen dramatically faster in France than they have in Germany.

Germany s labor costs fell relative to the rest of the eurozone, and its exports and GDP growth exploded.

As labor costs continue to climb, is China set to lose its coveted spot as the world s workshop?

That restructuring of insurance would simultaneously protect individuals, increase labor mobility, and help to control health care costs.

Unit labor costs reflect compensation levels and productivity gains in productivity can offset the effect of wage growth.

The Monetary System ( in all countries) is based on Competition for Labor and thus Labor for Money.

Likewise, increasing pressure from growing labor costs will force enterprises to lower their profit expectations and cut costs, negatively affecting output growth and employment in the short run.

As China s global economic role increases, its labor costs will rise and its currency will appreciate, eroding its competitiveness.

The result has been elevated unit labor costs relative to France s peer group (especially Germany) and stubbornly high unemployment.

Labor and many product markets remain closed, despite the urgent need to increase competition, lower production costs, and raise productivity.

They aren't qualified for the labor market.

High unit labor costs and unemployment rates are responsible, in turn, for reducing the trend rate of economic growth, mainly owing to under utilized labor, while the combination of lackluster growth and an ever mounting welfare burden has resulted in chronic budget deficits.

A reduction in unit labor costs can also increase competitiveness only to the extent that it actually results in price reductions.

The economic benefits of rebalancing the global labor market are compelling the human costs of failing to do so are enormous.

All the factors that encourage high growth remain in place low labor costs, education, high savings, improving infrastructure, and rapid urbanization.

Food and fuel prices may be up, but labor costs remain firmly anchored not surprisingly, given the country s 9 unemployment rate.

The economic benefits of rebalancing the global labor market are compelling the human costs of failing to do so are enormous.

Labor reform leading to longer hours would not reduce the total income of the employed, but it would reduce production costs.

A much better way to reduce labor costs would be to increase productivity and Germany is no model in this respect.

(In 2005, long before the crisis, I called, on behalf of the ECB s governing council, for appropriate surveillance of a number of national indicators, including unit labor costs.)

Although the labor force was traditionally skilled and efficient, inadequate incentives for labor and management contributed to high labor turnover, low productivity, and poor product quality.