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Article: Productivity in hardwood dimension and flooring. (industry statistics)
- Article from:
- Monthly Labor Review
- Article date:
- October 1, 1994
- Author:
CopyrightCOPYRIGHT 1994 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Productivity in this industry grew less than 1 percent a year during the 1972-91 period; output stood still, and employee hours declined an average of almost 1 percent annually
Productivity growth in the hardwood dimension and flooring industry averaged 0.9 percent annually from 1972 to 1991.(1) Small firms dominate the industry. Production tends to be labor intensive, with new technology being slow to disperse throughout the industry. The industry also experienced many changes in the demand for its products as consumer preferences changed. As a result, manufacturing efficiency often became expendable, exchanged for greater flexibility in production, in order to ...