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Note that “productivity” here refers to GDP PPP / hours worked. No doubt it is a good proxy for productivity but I wouldn’t go as far as to equivocate the two.
by LudwigNagasena 3y ago
Note that “productivity” here refers to GDP PPP / hours worked. No doubt it is a good proxy for productivity but I wouldn’t go as far as to equivocate the two. There is just too much stuff in GDP, and especially GDP calculations, that doesn’t mesh with the idea of productivity that well.
- adverbly 3y agoNot sure that is a good metric. For one, anyone working fewer hours is going to do the high priority things in those hours, and have a higher productivity as a result.