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jps
 
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Default Great Economic News: Recession is Over!

"NOYB" wrote in message
m...

"jps" wrote in message
...
"JohnH" wrote in message
...

Productivity is a rate, usually represented as a fraction, e.g. 37

widgets/one
hour. Productivity is not measured by reductions or increases in

hourly
pay.

What about database entry? Is that a widget too? Is productivity based
only upon manufacturing?


Productivity is measured as Gross Domestic Product adjusted for inflation
divided by the total number of hours worked.

If an hourly worker is working more than 40 hours in a week, then those
additional hours are being reported...and they would *decrease*

productivity
if GDP stayed the same. However, productivity is *increasing*...so your
theory is flat-out wrong.


Jesus ****ing Christ!!! Try to follow along here doc. If a 40 hour worker
puts in additional time but the company doesn't pay for it, they don't
report the worker having worked 50 or 60 hours.

Everyone here seems to think that productivity only involved widgets. What
about programmers? They don't produce widgets, they produce code that gets
paid for when it's delivered. If workers are putting in 60 hours a week on
a 40 hour a week salary, the company they work for is still going to report
a 40 hour week, no?

That'd net out to a productivity gain.

So tell me how my theory is wrong?