Re:The lessons from America’s astonishing economic record
by refurb on Monday April 17, 2023 @07:02AM
(#35599101)
GDP is a complex measure as it depends on what that hour of work produces. And GDP also includes production that required no labor at all (i.e. see Ireland's incredibly high GDP per capita due to multi-nationals funneling sales through the country).
Re:The lessons from America’s astonishing economic record
by arethuza on Monday April 17, 2023 @07:39AM
(#35599299)
I was trying to think of some objective measure for "hard working" - I don't really equate this measure with simply the number of hours worked.
Re:The lessons from America’s astonishing economic record
by refurb on Monday April 17, 2023 @10:19AM
(#35601092)
I get where you were coming from. I'm not sure there is a better measure.
Re:The lessons from America’s astonishing economic record
by FooBarBizBazz on Monday April 17, 2023 @08:53AM
(#35599915)
Well, that's probably because companies make so much "intellectual property" in Ireland, which they then have to pay licensing fees to their Irish subsidiaries to use.
I am being a little sarcastic. This is a description of a standard tax-avoidance scheme.
My point, ultimately, is that I suspect Ireland's numbers are inflated by its status as a tax haven for multinationals.
https://data.oecd.org/lprdty/gdp-per-hour-worked.htm
Slightly above Sweden and slightly below Denmark and quite a bit less than Ireland.