The value of time spent by the people is called productivity. We should be more concerned with the productivity. This is especially true with developing countr

The value of time spent by the people is called productivity. We should be more concerned with the productivity. This is especially true with developing countries where people are mostly employed in backbreaking manual labor. Sometimes it is due to lack of skills and many a times due to lack of industry or ecosystem. Inequality is a great talking point for socialist but isn't an important metric. Inequality is inevitable in a highly competitive and fast growing economy. Just productivity improvement is a great measure of how well the economy is doing. For developed countries productivity improvements is difficult because it only comes about from innovation. For developing countries it can be had from just adoption of existing technologies.