What makes the people in Singapore New York and silicone valley more productive? The fact that they work in successful businesses and earn lots of money? So wha

What makes the people in Singapore New York and silicone valley more productive? The fact that they work in successful businesses and earn lots of money? So what? Tobacco is a successful business. How can you even define more economic output? You can't, you just use a very flawed proxy for economic value, money exchange. I believe a good teacher is 100 times more productive than a software engineer. But that guy that wrote some tracking code earns a boat load more money. So you consider him more productive. That's just a huge fallacy. Value cannot be fully quantified, we use proxies for that reason, but we should always remember that.