Re:Dear Europe, please wake up
by NeutralForest on Tuesday April 30, 2024 @01:54PM
(#40213911)
What is not mentioned in the article is that productivity is much more important than the number of hours worked. By productivity, I mean output per hour worked, which is usually an estimation made from the total output of the country (GDP) and the numbers of hours worked by the working population.
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Well, that's a very inadequate productivity metric imho.
How can two people with exactly the same output (say two doctors working a shift with similar number of patience) lead one to be 20 times more productive because one bills $400 per hour and the other makes that number in a week (such as in say Turkey).
That's a 40x difference in productivity.
Re:Dear Europe, please wake up
by NeutralForest on Wednesday May 01, 2024 @01:42AM
(#40219897)
You would usually use Purchasing Power Parity (PPP) such that comparison between countries is possible, because as you pointed, comparisons in absolute values between countries are not useful.