Re:Where has all the productivity gone?
by hn_throwaway_99 on Saturday July 31, 2021 @10:52AM
(#28018616)
> These low hanging fruit can be picked by throwing more people at the problem (increasing workforce participation or working longer hours).
I haven't read the article yet, but note increasing workforce participation or working hours doesn't increase productivity - that just increases the denominator for the productivity calculation, and unless it increases the numerator faster there is no productivity increase.
Re:Where has all the productivity gone?
by robjan on Saturday July 31, 2021 @11:00AM
(#28018674)
This is why I said "not necessarily efficiently". At a very macro level, you can increase economic output by either working more or increasing efficiency (productivity per hour).
I haven't read the article yet, but note increasing workforce participation or working hours doesn't increase productivity - that just increases the denominator for the productivity calculation, and unless it increases the numerator faster there is no productivity increase.