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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (88423)4/1/2001 2:27:21 PM
From: Skeeter Bug  Read Replies (1) of 436258
 
>>If the same worker can produce more goods, and the price drops<<

then what has the worker really done? what has the worker really improved? our economy is not about productivity for productivity's sake. it is about getting more dollars and increasing the nation's economic wealth.

gdp is billed as an economic productivity measure. are there other measures of productivity? sure. are they wrong? no. they just aren't gdp and they aren't economic based. they may be unit based.

imagine the us doing 200 times more work and revenues collapsing to $10 for the entire nation. what "value" is gained by saying the us is more productive in an economic sense? not in a piece meal sense. gdp isn't a piece meal number. it is an economic number.

to bring this home, if someone gave you the opportunity to work twice as many cases but get paid half as much or work half as many cases and get paid twice as much (all else being equal - hours, etc...), you would obviously choose the more productive route, wouldn't you?

yes, the question is loaded. ;-)

the question is which choice is more productive? if doing twice as much work is more productive but it means that you lose your home... is it really more productive? on a per unit basis, yes. on an economic basis, NO WAY! just ask your kid who has to move away from his/her friends so mom can be more "productive" ;-)

per unit productivity is very important and should be measured. it just isn't gdp, though.

btw, lowering costs is supposed to stimulates more demand and causes more revenues, thereby increasing gdp.
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