Europe's Rising Productivity Gap \ stacker news ~econ

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501 sats \ 8 comments \ @TomK 27 Sep 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

That's what the USA wanted after all.

0 sats \ 0 replies \ @TomK OP 27 Sep

Don't forget the UK

94 sats \ 1 reply \ @halalmoney 27 Sep

The EU’s regulations are so entrenched I don’t see how Europe can break free.

0 sats \ 0 replies \ @TomK OP 27 Sep

Break german cash deoposits and the whole bs disappears

47 sats \ 2 replies \ @Signal312 27 Sep

This may be a dumb question, but how do they actually measure productivity?

34 sats \ 1 reply \ @TomK OP 27 Sep

Nono. Good question. Normally it's output per working hour

47 sats \ 0 replies \ @Signal312 27 Sep

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!

0 sats \ 0 replies \ @Satosora 27 Sep

They have more developed companies compared to the USA. That is good and bad for the market.