Tuesday, December 27, 2011

Unit Labor Cost


Jazzbumpa said...

By some strange cincidence, I just made a post that is almost, but not quite, exactly unlike yours.



The Arthurian said...

A definition from http://business.yourdictionary.com/unit-labor-cost:

unit labor cost business definition

An important measure of productivity calculated by dividing total labor compensation (including benefits) by real output. An increase in unit labor costs will result in a reduction in profitability unless a firm can pass along higher labor costs to its customers. Economists view increases in unit labor costs as an important indicator of potential inflation.

I don't see that in the graphs, at all.