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Correct. I find that most meaningful information you can derive from such numbers is inter-national, i.e. comparing countries over periods of time wherein inter
by K0SM0S 7y ago
Correct. I find that most meaningful information you can derive from such numbers is inter-national, i.e. comparing countries over periods of time wherein internal indicators don't change (and that's already a tall order, but consistency is better at supranational levels such as OECD etc).
It allows the comparison of "labor structure", how national economies tend to behave in that regard. It shows correlation with socio-economical policies, e.g. from the more 'socialistic' regimes to the more 'individualistic' ones.
For instance you'd find that Germany and France have implemented vastly different economic structure since the turn of the century, and the German way consistently produced ~1% more growth with half the average unemployment rates; however productivity isn't higher (France is a weird champion at that), so for all its choice to massively reduce working hours comparatively to other countries, as well as de facto institute massive unemployement (about twice as much as comparable economies), France isn't losing too much on the comparative front — what it does to its population is another matter though, as the French show up as one of the most depressed and most pessimistic country on Earth.
So these numbers are like relative fiat money to me; the actual face value means nothing, what matters is how they fare between each other, and what economic policy underpins each currency. I could take physics analogies of "relativity" but I guess the word alone is enough in that field.
I suppose the 'rich account' of labor structure above, from sophistication to hours passing by morale and national policy/strategy is also enough to read that no, no "KPI" will cut it if we are to discuss complex matters. I'm sometimes appaled that we take very specific studies and then paint a whole world by deduction, without context, as it ever got us anywhere. Perception and opinion at its worst.
- nradov 7y agoFrance only has high labor productivity because the least productive people don't have jobs (at least not formal jobs counted in official statistics).
- K0SM0S 7y agoThat would be assuming the French labor market is efficient at selecting candidates for productivity, but given the general rigidity of labor laws in that country, the fact that productivity is pretty much a bad word culturally ("bad Americans capitalists greedy for more money at the expense of the average worker" kind of rhetoric) thus generally not trained (unions protest) let alone praised (most popular philosophers/influencers tend to be left-wing)... I think that's a pretty wild assumption to make. I don't know what supports it. Another angle: many studies tend to show that overworked people fall in productivity past some point, whereas generally "balanced" individuals in terms of workload and pressure and work/life balance etc. tend to perform great. It shows at the highest levels too — think athletes/sports with too-busy seasons, how we tone it down a notch to preserve performance, think how sleep deprivation is the worst you can do to productivity, etc.