What is it?
A relative comparison of the potential productivity of a workforce based on the length of a work day, the length of a work week and the number of work weeks within a year.
The balance between productivity and cost is a delicate one to strike in any market. Consider this: In many cases the market with lower wages may in reality become more expensive, based on the length of the work day and number of days in the week as well as the associated overtime costs.
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