http://www.bls.gov/opub/ted/2013/ted_20130328.htm
The figure from us gov. seems to show that productivity is inversely proportional to unit labor cost.
It is quite surprising, even if the data is from only one country for one year.
Reduced ULC might have increased capital expenditure (private fixed investment) and subsequently labor productivity.
http://www.bls.gov/news.release/archives/prin_03212013.htm
Data from prolonged period between 1987 and 2011 shows the same inverse relation.
놀랍네요. 좋은자료 감사합니다.
답글삭제네. 처음 그림을 봤을 때 좀 놀랐습니다.
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