Re:Productivity Growth in the US Continues to Decline
by jmosk56 on Tuesday March 20, 2018 @05:27PM
(#16632844)
How is productivity measured?
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Re:Productivity Growth in the US Continues to Decline
by gervase on Tuesday March 20, 2018 @05:30PM
(#16632869)
It looks like the BLS measures productivity as the dollar value of goods and services produced over the hours used to produce them.
Not much detail on those the dollar value is calculated, though.
Edit: I found a (somewhat patronizing) slideshow designed for K-12 students: https://www.bls.gov/k12/productivity-101
Re:Productivity Growth in the US Continues to Decline
by Analemma_ on Tuesday March 20, 2018 @05:37PM
(#16632929)
GDP divided by worker-hours, basically. It's a crude metric, but no one has ever managed to come up with a better one.
Re:Productivity Growth in the US Continues to Decline
by david-cako on Tuesday March 20, 2018 @05:29PM
(#16632863)
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