The specific framework is as follows: firstly, integrate the characteristics of rural-urban migrants into the general equilibrium model, divide
labor factor into urban
labor factor and rural
labor factor, and adjust corresponding functions of production, income and expenditure.
The real wage is used to identify the marginal productivity of the
labor factor and the real interest rate identifies the marginal productivity of capital.
Fabricant emphasizes on the importance of improving
labor factor quality and writes: "continuous labor training and other efforts to improve workforce quality is a kind of investment on human resource which will have a return in future.
However, the availability of local management and labor, included in the
Labor factor, is viewed as a significant risk factor in India in the next 3 years ([beta] = .
Sommer specializes in precast manufacturing technology for this potential market, stressing a complete technical solution with low plant
labor factor.
Probably one of the causes that led to the underestimation of the value of the
labor factor is the lack of unity of the working class, working-class weakness which subsequently became Marx's vision.
Jamie Peck (1992) demonstrated that in the choice of industrial location, the
labor factor plays a central role among other environmental factors.
But, he added, "Chinese production is still the cheapest if the
labor factor is high.
for the undifferentiated
labor factor and base 1993 and optimal for a
The low-cost
labor factor can be especially helpful for industries such as welding and healthcare, which have high demand for jobs, said Meagan Shea, director of career services at Bellingham Technical College.
The labor market's inflexibility, high reservation wages, and a
labor factor burdened with large social contributions produce persistently high unemployment rates in the neighborhood of 10 percent.
The
labor factor -- all the hours of shopping, food preparation and cleanup -- is causing more and more traditionalists to outsource the grandaddy of all holiday meals.
