Some might read your post as an exaggeration, but a good amount of mainstream economists think exactly like this and treat the idea that productivity is important as a revelation.
i dont get it, why is there so much whining then by failure to “increase productivity”? firms dont invest in tools & training and they still want productivity line to go up right? or am i missing something?
Gotta look at the definition of “productivity” people are using. Often it’s just productivity = revenue / number of employees.
Defined that way, you can fire 20% of employees and make the remaining employees do more work for the same pay. That causes a 20% increase in productivity because suddenly each employee is doing more work.
Doesn’t actually mean they want to make more things.
And of course, there’s nothing “unproductive” about having a whole slew of unemployed people who have been pushed out of the workforce as a reserve army of labor.
You’re supposed to produce nothing and make money from that, like the US does!
Some might read your post as an exaggeration, but a good amount of mainstream economists think exactly like this and treat the idea that productivity is important as a revelation.
i dont get it, why is there so much whining then by failure to “increase productivity”? firms dont invest in tools & training and they still want productivity line to go up right? or am i missing something?
Gotta look at the definition of “productivity” people are using. Often it’s just productivity = revenue / number of employees.
Defined that way, you can fire 20% of employees and make the remaining employees do more work for the same pay. That causes a 20% increase in productivity because suddenly each employee is doing more work.
Doesn’t actually mean they want to make more things.
And of course, there’s nothing “unproductive” about having a whole slew of unemployed people who have been pushed out of the workforce as a reserve army of labor.
They’re producing too much so we can’t profit from an artificial scarcity noooooOOoOOoo