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Productivity in the US is considerably higher than most, if not all of those countries, when you account for productivity per hour and hours worked: https://www
by BobbyJo 7y ago
Productivity in the US is considerably higher than most, if not all of those countries, when you account for productivity per hour and hours worked: https://www.google.com/amp/s/www.forbes.com/v/s/www.forbes.com/sites/niallmccarthy/2019/02/05/where-labor-productivity-is-highest-infographic/amp/%3famp_js_v=0.1&usqp=mq331AQFKAGwASA%253D#ampf= https://www.google.com/amp/s/www.forbes.com/v/s/www.forbes.c...
Unemployment just tells you people have a job, and nothing about how much that job is contributing to the collective resources.
- markvdb 7y agoAccording to the OECD, productivity per hour worked [0] in Scandinavia, Belgium, the Netherlands, Luxemburg, France, Germany, Austria and Switzerland is comparable to the US, and in some cases significantly higher. All of these countries have much more generous social safety nets. P.S. The link you gave 404's here. [0] https://stats.oecd.org/Index.aspx?DataSetCode=PDB_LV https://stats.oecd.org/Index.aspx?DataSetCode=PDB_LV
- BobbyJo 7y agoThe average hours worked are significantly less for those small upticks in PPH. If you factor in hours worked, the US comes out far ahead of most if not all.
- tsimionescu 7y agoWhat does productivity have to do with people's choice of working or not? We were discussing whether people need encouraging to go to work or not. Productivity is a completely different metric, impacted by many other things.
- BobbyJo 6y agoProductivity is a part of the metric which you base that decision on. Do people need encouragement == will we produce 'enough' with less encouragement || is the long term reduction in production, and it's effect on future generations worth the increase in leisure time now.