Industrial Sector Feels Fine About Its Labor Productivity
Monitoring Russia's Economic Outlook. Moscow. IEP. 2017, No. 17, pp. 12-13
2 Pages Posted: 23 Oct 2017
Date Written: October 23, 2017
The issue of labor productivity has constantly been debated among analysts and government officials. The common understanding here is that labor productivity is low and needs to be ramped up. According to our business survey, the level of satisfaction with labor productivity reached its peak in 2017. Only 8% of enterprises in Q3 2017 recognized low labor productivity as a headwind to output growth. Furthermore, the industrial sector is not yet prepared to enhance labor productivity to address the issue of personnel shortage.
Keywords: Russian Industry, Labor Productivity
JEL Classification: C53, E37, L21, L52
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