The graph on this page disagrees, can you explain please? I haven't heard anyone say the two concepts are the same before.
As I have heard it "productivity" is roughly gdp/hour, which can be different from wages/hour (but you generally expect the two to be related / correlated).
The graph on this page disagrees, can you explain please? I haven't heard anyone say the two concepts are the same before.
As I have heard it "productivity" is roughly gdp/hour, which can be different from wages/hour (but you generally expect the two to be related / correlated).