Impact on Productivity by Technological Advancements and Innovation

Introduction

Today no one can doubt that without improvements in productivity, there is no possibility of raising (as maintained) the remuneration or salary in a company the standard of living of a country. The European Competitiveness Report of the Commission Europe (2004) recognizes that at least 60 percent of income differentials by person between European countries or those with the U.S. are the result of labor productivity. In other words, improving living standards (income per capita) required increasing productivity or reducing the current dependence, primarily through a rise in employment rate (employed over working age ...