Donald Roy on Nostr: #WorkingTime variations between countries can affect measures of #productivity ...
#WorkingTime variations between countries can affect measures of #productivity markedly.
Was looking today at rankings at the back of #theeconomist for a number of relatively rich countries in 2022. The piece I read covered #GDP per head in $ at the prevailing exchange rate, the same adjusted for cost and price differences and the latter adjusted for hours worked. Some #European countries do very much better on the third measure whereas #Asian countries like #Japan and #Korea do much worse.
Was looking today at rankings at the back of #theeconomist for a number of relatively rich countries in 2022. The piece I read covered #GDP per head in $ at the prevailing exchange rate, the same adjusted for cost and price differences and the latter adjusted for hours worked. Some #European countries do very much better on the third measure whereas #Asian countries like #Japan and #Korea do much worse.