Re:Look at median, and not mean GDP per capita
by PeterisP on Monday August 08, 2022 @05:14AM
(#32383616)
Well no, the whole point of measuring country differences in labor productivity is that in some countries spending x hours to drill a hole in the ground is vastly more productive than in others.
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Re:Look at median, and not mean GDP per capita
by myownpetard on Monday August 08, 2022 @01:10PM
(#32388216)
The point here is that, if we want to use GDP as a proxy for labor productivity, then including wealth from extractive industries isn’t that useful because it tells us much more about the geology of the country then about the labor force.