Re:Biggest companies in the world by market value 2022
by sofixa on Tuesday April 25, 2023 @02:08AM
(#35697057)
> Also, the two links you provided show very different ranking of countries
Different years.
> At the same time, I don't know how to properly measure human productivity. I mean, how do you compare productivity of people working at OpenAI to productivity of people working at Walmart?
Exactly. Just because Ireland has a lot of services HQed there due to a beneficial tax regime doesn't make an Irish person working 40h at Google who count all EU revenues there more or less productive than someone working at a midsized German manufacturer of critical car components (say brakes).
GDP per hour worked is the least bad way of measuring we have, and I'm not aware of other ones. It can easily be skewed though, because it relies on a poor metric at its base, GDP.
My point was just that the difference between US and EU is minimal, with the imperfect way of measuring it. If anyone has a better way I'm all ears, but I highly doubt it will show anything different.
Different years.
> At the same time, I don't know how to properly measure human productivity. I mean, how do you compare productivity of people working at OpenAI to productivity of people working at Walmart?
Exactly. Just because Ireland has a lot of services HQed there due to a beneficial tax regime doesn't make an Irish person working 40h at Google who count all EU revenues there more or less productive than someone working at a midsized German manufacturer of critical car components (say brakes).
GDP per hour worked is the least bad way of measuring we have, and I'm not aware of other ones. It can easily be skewed though, because it relies on a poor metric at its base, GDP.
My point was just that the difference between US and EU is minimal, with the imperfect way of measuring it. If anyone has a better way I'm all ears, but I highly doubt it will show anything different.