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The US doesn't have particularly high GDP per hour worked: https://data.oecd.org/lprdty/gdp-per-hour-worked.htm https://data.oecd.org/lprdty/gdp-per-hour-worke
by arethuza 4y ago
The US doesn't have particularly high GDP per hour worked:
https://data.oecd.org/lprdty/gdp-per-hour-worked.htm https://data.oecd.org/lprdty/gdp-per-hour-worked.htm
Slightly above Sweden and slightly below Denmark and quite a bit less than Ireland.
- refurb 4y agoGDP is a complex measure as it depends on what that hour of work produces. And GDP also includes production that required no labor at all (i.e. see Ireland's incredibly high GDP per capita due to multi-nationals funneling sales through the country).
- FooBarBizBazz 4y agoWell, that's probably because companies make so much "intellectual property" in Ireland, which they then have to pay licensing fees to their Irish subsidiaries to use. I am being a little sarcastic. This is a description of a standard tax-avoidance scheme. My point, ultimately, is that I suspect Ireland's numbers are inflated by its status as a tax haven for multinationals.
- edgyquant 4y agoHow is this a response to the comment you replies to?