|
Subject: pass-through gen. Я, извините, совсем не въезжаю, что значит выделенный кусочек, какого это "перехода" случилось меньше... то есть абсолютно. Благодарю, если кто подскажет. Все остальное понятно.There is more bad news for the West. In the past, total factor productivity increases were matched by a rise in wages, and these increases would lead to a boost in consumption, and investment, and these would spur greater (quality) economic growth. In the past twenty-five years, however, less pass-through has occurred and, in fact, Western wage increases have tended to lag behind productivity gains. This has meant that rather than TFP gains accruing to the providers of labour (i.e. wage-earners, through salary improvements), they have accrued to the owners of capital.
|
