ANALYZING THE INTENSIVE AND EXTENSIVE USE OF LABOUR FORCE IN THE TEXTILE INDUSTRY OF THE EUROPEAN UNION

The study proposes an analysis of the way in which labour was used in the textile industry in the EU during the crisis of 2008-2013. Starting from theoretical sources that show labour as factor of the economic growth, we will achieve specific analysis of the indicators reflecting the intensive and extensive use of labour force in the textile industry, the measurement and developments of the correlation between these indicators for EU economies in 2008-2013. The databases provided by Eurostat were used for the proposed analysis, data which have undergone a process of grouping according to established criteria (EU membership) in order to determine/ calculate specific indicators. The results obtained and the interpretations made are based on comparisons between indicators calculated and graphical trends as well as the information resulted in the form of findings and specific assessments. The observance of the correlation between labour productivity and wages is of special importance at microeconomics level as well as for the entire national economy. An optimal correlation between labour productivity and wages implies that the dynamics of labour productivity is higher than that of the average wage. Only faster growth of labour productivity compared to that of salaries allows the reduction of the wage costs per unit of product resulting in lower costs and increased profitability.