Question

Which of these investments is not a function of the production department?

Answer 1

Which of these investments is not a function of the production department: wage increases.

Does wage increase with productivity?

• They discover that for average remuneration, a one percentage point increase in productivity growth corresponds to a 0.74 percentage point rise in compensation growth. Similar to median compensation, their estimate deviates from one by a statistically significant amount but not from zero.
• Prices increase when salaries grow faster than labor productivity while prices decrease when wages grow slower than productivity.
• Inflation is brought on by wage increases since doing business becomes more expensive as wages rise. Companies must raise the prices for their products and services to offset the cost increase and keep their profitability at the same level.
• Five tons of labor are produced per hour. Physical productivity growth drives up the value of labor, which in turn drives up to pay.

Which of these investments is not a function of the production department: wage increases.

To learn more about wage increases, refer to:

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