How can companies make up for lost productivity caused by the new health standards?
The new health standards introduced in euro-zone companies as a result of the COVID epidemic will lead to a marked fall in hourly labour productivity and, if nothing is done to correct it, to a sharp rise in unit production costs and therefore prices. How could euro-zone companies make up for the loss of hourly productivity and the rise in unit costs caused by the new health standards? By increasing capital productivity to make up for the lower labour productivity, for example by increasing the use of teamwork , which increases the useful life of capital; By asking employees to work longer hours (hourly, annually) without wage compensation; Where possible, by making greater use of home working; studies show that it increases productivity, at least for certain types of activities.