HomeEconomyLabor productivity falls since the Covid crisis

Labor productivity falls since the Covid crisis

According to a study by Dares, productivity per capita in the third quarter of 2022 was 3% below its pre-crisis level in the fourth quarter of 2019.

Labor productivity, that is, the wealth created per employee, has fallen compared to its level at the end of 2019, before the Covid crisis, a fall partly explained by the increase in the number of trainees less productive than other employees. , according to the Ministry of Labor.

According to this study by the ministry’s statistics service (Dares) published on Thursday night, productivity per capita in the third quarter of 2022 was 3% lower than its pre-crisis level in the fourth quarter of 2019.

If we compare the trend, the difference is even 6.4% because “between 2010 and 2018 the trend rate of productivity was around 1% per year.”

Statisticians calculated that the development of alternation contributed up to a fifth of this 6.4% difference.

The weight of study and work students

Indeed, work-study students are “a priori less productive than other employed people because they are younger, have less experience and work fewer hours due to their training time”.

In the third quarter, 1.1 million people were in a work-study program (including 87% on an apprenticeship contract), an increase of 400,000 compared to the end of 2018. As a result, the proportion of study and work in salaried employment reached 4% compared to 2.7% at the end of 2018.

But the development of learning is not the only explanation.

The study also hypothesizes “a one-time occurrence of previously unrecorded work.”

It may be a consequence of “regularizing undercover work” in order to benefit from a partial activity or “a substitution of resident workers for displaced workers who have returned to their country of origin” due to the closure of borders during Covid.

In addition, companies have been able to promote “labour retention”, especially in sectors where activity is falling due to supply difficulties.

Finally, the authors point out “that since the health crisis, a significant number of sick leave has persisted.”

Author: CO with AFP
Source: BFM TV

Stay Connected
16,985FansLike
2,458FollowersFollow
61,453SubscribersSubscribe
Must Read
Related News

LEAVE A REPLY

Please enter your comment!
Please enter your name here