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That’s by definition more productive. But it’s not just a definitional quirk. Your example is one where economists would indeed consider labor productivity to h
by rhaway84773 3y ago
That’s by definition more productive. But it’s not just a definitional quirk. Your example is one where economists would indeed consider labor productivity to have risen dramatically because of automation.
- rahimnathwani 3y agoYes, but my point is that Labor Productivity measures two things: A) how efficient individual people are at doing their jobs, and B) how much progress we have made replacing people with software and machines. (A) aligns with people's everyday understanding of the word 'productivity', but (B) has a larger influence on changes in the measure.