3 ms·

I know nothing of economics, but I’m curious how relevant comparing against our own historical productivity actually is. For example, shouldn’t the comparison a

I know nothing of economics, but I’m curious how relevant comparing against our own historical productivity actually is. For example, shouldn’t the comparison also be against productivity and productivity/wage growth in other countries we’re competing with? Is productivity even something that can be measured in such a way that useful comparisons can actually be made across time periods?

derefr 8y ago
> Is productivity even something that can be measured in such a way that useful comparisons can actually be made across time periods? [Inflation-adjusted] GDP is held to represent the productivity of an entire country in a way where one can make historical contrasts. Therefore, [inflation-adjusted] GDP per capita (a.k.a. PPP, Purchasing Power Parity) could be a valid measure of average individual worker productivity.