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This is why I have a big problem with metric called "productivity". Same service done in New York by the same worker is worth X times more than in a small town
by ajuc 7y ago
This is why I have a big problem with metric called "productivity".
Same service done in New York by the same worker is worth X times more than in a small town. Hence people who move their shop suddenly become 10 times more productive, even if they're doing the same thing exactly as efficiently as before.
Then people look at the graphs and say "no wonder these poor places are undeveloped - look how low their productivity is".
It should just be called labor cost and not productivity.
- wodenokoto 7y agoHuh, I didn't know productivity was a measure of monetary production. I always thought it was a catch all, for any and all alternative measures.
- ajuc 7y agoIt's defined as GDP/man-hours worked in the country in a year.