Re:U.S. GDP Shrank in Q1 2015
by humanrebar on Friday May 29, 2015 @04:53PM
(#9627338)
Definitions are boringly pedantic and beside the point. I'm saying the bigger issue is the lack of output on a national level due to undertraining, underemployment, etc.
I'd like to point out that my assertion that has been basically ignored in favor of less interesting semantic arguments.
>Definitions are boringly pedantic and beside the point. I'm saying the bigger issue is the lack of output on a national level due to undertraining, underemployment, etc.
Come on. You were wrong, the difference between production and productivity is very important. You can't just cop out and whine that 'definitions are pedantic'. No. Definitions are very important.
Product(ion) is not productivity. Productivity is product/(some input measure) -- laborers and laborer-hours are common input measures when measuring labor productivity, though there are other less common kinds of productivity one might measure.