3 ms·

I don't know much about the subject. How do we measure productivity? What units do we use? I ask because it _feels_ like everything has changed since 1973 at l

I don't know much about the subject. How do we measure productivity? What units do we use? I ask because it _feels_ like everything has changed since 1973 at least. So I'm curious where my intuition differs from reality.

throwawayjava 8y ago
> How do we measure productivity? Productivity as typically reported is a statistic called "Total Factor Productivity" (TFP). Here's how it's calculated: https://en.wikipedia.org/wiki/Total_factor_productivity#Calculation https://en.wikipedia.org/wiki/Total_factor_productivity#Calc... > What units do we use? TFP is unitless.