• Mahlzeit@feddit.de
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    8 months ago

    On a national level, in macro-economics, productivity is GDP divided by total hours worked (for money).

    I’d say that a high productivity generally means working less hard, because machines do the tough bits. A high productivity requires a very high skilled labor force, using a lot of machines and robots. It’s by definition an efficient and effective use of labor, though one could ask pointed questions about environmental degradation.