Saturday, March 30, 2013

productivity vs cost

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.

Data from prolonged period between 1987 and 2011 shows the same inverse relation.

봄, 서울, flickr

마눌님을 따라서 동산방화랑에서 열린 전시회에 갔다.
김홍도의 게 그림이 작지만 좋다.

청계천을 따라 걸으며 찍은 사진을 새로 만든 flickr계정에 올렸다.
다음에도 링크만 올리는 것이 나을 듯하다.