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"people can work only so many hours a day" All productivity numbers are per hour, so they are not effected by how many hours in a day people work. "why isn't
by lkrubner 4y ago
"people can work only so many hours a day"
All productivity numbers are per hour, so they are not effected by how many hours in a day people work.
"why isn't growth the same as when we were rebuilding after the last war"
Tyler Cowen, and myself, are both talking about the USA, which did not have to rebuild after the last war.
- staunton 4y ago> All productivity numbers are per hour which numbers? GP was talking about numbers of companies and the article is pretty low on data either way. In any case, the points I was trying to make were: there are eventually diminishing returns on individual productivity and looking at the number of startups is a very weird way to evaluate how useful a technology is. > the USA, which did not have to rebuild after the last war. So the post-war US economy should be directly compared to today's while completely ignoring the war?