Click to Enlarge.
-
Recent Posts
Categories
Archives
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- January 2011
- December 2010
Blogroll
Meta
An interesting set of statistics, however, I would attribute much of the rise in productivity to technological advancement, and so an increase in wages wouldn’t be as necessary as opposed to an increase in productivity as a consequence of work load increases.
Throughout history, though, growth has been very closely linked to productivity, hence the recent ‘crisis’ of large volumes of manufacturing jobs moving to the tertiary sector – a much more difficult environment in which to increase productivity. So why when the productivity of a Nation is clearly increasing, does the growth still remain close to stagnant?