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I certainly don't think a 9% drop in working hours is a 9% drop in GDP. Doesn't make a single lick of sense to me. The real world simply doesn't work like that
by mattmanser 13y ago
I certainly don't think a 9% drop in working hours is a 9% drop in GDP.
Doesn't make a single lick of sense to me. The real world simply doesn't work like that at all. Not everyone in a country contributes exactly the same figure to GDP.
Also, a couple of lines down listed a huge number of cost savings and higher earnings and new employment created.
So.... Did you just not read on a paragraph more?
- yummyfajitas 13y agoI certainly don't think a 9% drop in working hours is a 9% drop in GDP. From my post: "Now, a 9% drop in work will result in less than a 9% drop in GDP..." The next few lines cite no stats. They just quote someone saying the decline was "undoubtedly compensated in part by other useful activities". As I said, "can someone link to actual studies?" (Note: I realize studies in Uganda are linked, but I'm talking about the US and Canada studies, which had a 9% and 13% drop in hours worked according to uncited numbers in this article.)