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Right, productivity has increased but is probably lagging behind our standard of living which has increased more. Additionally, look at globalization and consol
by snarf21 10y ago
Right, productivity has increased but is probably lagging behind our standard of living which has increased more. Additionally, look at globalization and consolidation of most business. I would venture that there are more companies that are bigger and bigger, and requires more layers of management (and bullshit work) and people concerned with job preservation and not productivity.
- edblarney 10y agoLarger companies require more and more areas of micro specialization, and yes, it does get more bureaucratic - but the paradox is - you need that scale to have certain advantages: economies of scale and the ability to micro specialize. So, while individuals might be less productive ... on the whole, it does add to a level of total productivity by the machine. Example: I worked with the 'pricing' team for a large service oriented product with 100's of millions of customers. Sometimes they were inactive, argued for months about things etc. - and at the end of the year they did relatively little - but their impact was huge on the market, and our businesses. Much like a Uni of profs don't seem very productive until every once and a while, one of them strikes it huge with some innovation.