This paper considers unit labor costs (ulcs), i.e., the ratio of the wage rate to labor productivity, as the indicator … profit rate and increasing capital share: (iii) stagnant capital-labor ratio; (iv) decreasing capital productivity; (v …) decreasing labor productivity (until the mid-1990s); and (vi) increasing markup, the latter interpreted as an indicator of the …

model. Using provincial panel data for 1985-2001, the paper examines how labor productivity of the services sector has been …