Productivity of Ukrainian labor market

Abstract

Increasing productivity of labor is one of the objective economic laws inherent in every socioeconomic formation. This law is manifested in the fact that, owing to the development of the productive forces, society can reduce the socially necessary expenditures of labor for the production of certain goods intended for personal or social consumption. As people accumulate experience and knowledge and discover, master, and apply the laws of nature, the productivity of labor increase.