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Labour productivity growth sure is a strange metric to highlight - why don't we look at just plain old labour productivity: https://en.wikipedia.org/wiki/File:O
by DarkKomunalec 10y ago
Labour productivity growth sure is a strange metric to highlight - why don't we look at just plain old labour productivity: https://en.wikipedia.org/wiki/File:OECD_Productivity_levels_2007.svg https://en.wikipedia.org/wiki/File:OECD_Productivity_levels_...
The US is ranked 7th in the OECD, but only Luxembourg and Norway have substantially higher labour productivity, while the top 3-7 countries are virtually tied.
- Jabanga 10y agoGrowth is how much something improves by. Socialism doesn't destroy the knowledge that has been built up. It destroys the ability of society to accumulate new knowledge.