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Monday, December 12, 2016

Productivity In Comparison

The below graph measures the amount of GDP generated in one hour's worth of work.


Like any statistic, it has to be taken with a grain of salt. Ireland, for example, is at the top of the list because it has European headquarters of firms like Apple and Facebook where not too many people are employed and work. But still, the numbers do give a general picture.

2 comments:

  1. What's the point you are trying to make? The Greek worker works far more hours than its German counterpart:

    http://stats.oecd.org/Index.aspx?DatasetCode=LEVEL

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    Replies
    1. My point was that "the numbers do give a general picture". Did you overlook this sentence?

      Mind you, the statistics do NOT measure the number of hours worked. Instead, they measure the productivity of the hours worked in terms of GDP generated in one hour's worth of work. But then, again, I am repeating what I said in the first sentence.

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