Hourly productivity of labor and labor productivity per hour worked

In economic terms, real output in relation to the hours worked by all employees. A change in this parameter has an indirect impact on the value of money, which is why central banks monitor hourly productivity. – See compensation per capita, labor costs, labor market flexibility, labor productivity, potential labor force, capital deepening, communication costs, wage drift, offshoring, productivity, two-pillar principle. – Cf. Deutsche Bundesbank Monthly Report of April 2012, p. 25 f. (Projection of hourly productivity up to 2020; influencing variables; overview).

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