Labouring

26 Aug 2020 7:21 PM | John Heap (Administrator)

When people talk about productivity, they usually mean labour productivity. When this is bad (i.e. declining), they may even blame ‘labour’ for their poor performance.


Yet those of us who understand productivity, know this is rarely the case.  When labour productivity declines, it is much more often the result of a failing ‘system’ which negates the honest efforts of the workforce.  Similarly national productivity may decline because the larger economic system is failing.


So, look beyond the simple productivity figures to understand what is happening ‘on the ground’. Read but then  analyse, interpret, challenge official figures.

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