Labor Composition Sample Clauses

Labor Composition. ‌ In this section, I proceed to the primary focus of this paper, which is to study the effect of an IST shock on the skill composition of manufacturing labor. This analysis is of special interest partly because an IST shock can have two contrasting effects on the skill composi- tion of labor. On one hand, it can improve the productivity or efficiency of skilled labor. Xxxxxx and Griliches (1969) observed this phenomenon and formalized it as the capital-skill complementarity hypothesis. It states that new capital and skilled labor are complements rather than substitutes. Xxxxxxx (1999) builds up on this notion and describes such shocks as skill-biased innovations. His view is based on the cost of adopting new innovations, and if such costs are lower for skilled workers then the innovation is skill-biased. As a result, the hypothesis asserts that new capital is more likely to be assigned to skilled workers, and that an increase in capital should increase (decrease) the demand for skilled (unskilled) labor14. On the other hand, it could also be that capital innovations may replace the need for skill. If the adoption costs for a new capital innovation are lower for unskilled workers, then the IST shock would be considered xx-xxxxxxxx and the demand for skilled labor will not increase. From this empirical analysis, I will be able to determine which one of these two ways defines the effect that the identified IST shock had on the skill composition in the chosen sample. Further motivation for focusing on labor composition lies both in pre-existing literature, and in current evidence from the data showing a skill compositional shift in US Manufac- 14For recent discussions, see Greenwood and Yorukoglu (1997), Xxxxxxx (1999), Krusell et al. (2000), and Xxxxxxxxx (2005). turing, suggestive of a shift in labor demand patterns. The sample period in this paper coincides with an era of great technical innovations in the US, particularly between 1958 and 1982 where key advancements regarding computer usage occurred15. The tendency of firms to alter the proportion of skilled workers relative to unskilled workers, especially af- ter the introduction of computers, is well documented16. Since unskilled workers generally outnumber their skilled counterparts, particularly in the manufacturing sector, a shift away from the former could yield a decline in total labor input, as observed in models studying the response of hours to neutral technology shocks. Given that skilled labor...
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Related to Labor Composition

  • Board Composition Each Stockholder agrees to vote, or cause to be voted, all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that at each annual or special meeting of stockholders at which an election of directors is held or pursuant to any written consent of the stockholders, the following persons shall be elected to the Board:

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  • Committee Composition The Redeployment Committee shall be comprised of equal numbers of representatives of the Hospital and of the Union. The number of representatives will be determined locally. Where for the purposes of HTAP (the Ontario Hospital Training and Adjustment Panel) there is another hospital-wide staffing and redeployment committee created or in existence, Union members of the Redeployment Committee shall serve on any such hospital-wide staffing committee established with the same or similar terms of reference, and the number of Union members on such committee will be proportionate to the number of its bargaining unit members at the particular Hospital in relation to other staff groups. Meetings of the Redeployment Committee shall be held during normal working hours. Time spent attending such meetings shall be deemed to be work time for which the representative(s) shall be paid by the Hospital at his or her regular or premium rate as may be applicable. Each party shall appoint a co-chair for the Redeployment Committee. Co-chairs shall chair alternative meetings of the Committee and will be jointly responsible for establishing the agenda of the Committee meetings, preparing minutes and writing such correspondence as the Committee may direct.

  • Random Drug Testing All employees covered by this Agreement shall be subject to random drug testing in accordance with Appendix D.

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