Current state of labour productivity in the economy of developed countries

Abstract

The article is devoted to the problems of labour productivity increase. It studies trends in labour productivity growth in 12 developed countries and presents a comparative analysis of individual factors that directly affect labour productivity indicators in some European countries as well as the USA and Japan. The article examines and analyzes the reasons for Russia’s lagging behind the developed countries of Europe and the USA in terms of labour productivity; the detailed analysis of the level and dynamics of labour productivity in the Russian economy is given. The authors of the article calculated indicators of labour productivity, indicators of the ratio of the average wage growth rates in the economy of the Samara region. Special attention is paid to the study of organizational and socioeconomic factors of increasing labour productivity in conditions of limited financial resources.