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Europe's Rising Productivity Gap
501 sats \ 8 comments \ @GhostofTruth 27 Sep 2024 econ
The Europeans are doing something wrong. But it can't be down to the socialist climate bullshit, overregulation and permanent interventionism or the states' money-printing, debt-inducing policies. These are clearly success factors that should increase the productivity of the private sector.
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88 sats \ 1 reply \ @Golu 27 Sep 2024
That's what the USA wanted after all.
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0 sats \ 0 replies \ @GhostofTruth OP 27 Sep 2024
Don't forget the UK
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94 sats \ 1 reply \ @halalmoney 27 Sep 2024
The EU’s regulations are so entrenched I don’t see how Europe can break free.
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0 sats \ 0 replies \ @GhostofTruth OP 27 Sep 2024
Break german cash deoposits and the whole bs disappears
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47 sats \ 2 replies \ @Signal312 27 Sep 2024
This may be a dumb question, but how do they actually measure productivity?
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34 sats \ 1 reply \ @GhostofTruth OP 27 Sep 2024
Nono. Good question. Normally it's output per working hour
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47 sats \ 0 replies \ @Signal312 27 Sep 2024
And they measure output by taking what...the profit from the company? That seems reasonable.
A lot of times when something is measured it gets twisted. Like for instance, if output is measured in terms of how many pages of a report you write, and you find ways to pad it, to make it extra long.
I'm sure we all remember as kids who had to write a 3 page report. Hello large fonts and wide margins!
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0 sats \ 0 replies \ @Satosora 27 Sep 2024
They have more developed companies compared to the USA. That is good and bad for the market.
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