Between 2012 and 2022, GDP per hour worked – an indicator for measuring labor productivity – rose sharply in Eastern Europe, but also in Ireland and Turkey, as data from theOECD. Countries that reformed their economies and saw their GDP grow in the process—such as several former Soviet republics as well as other modernizing countries—have experienced the greatest productivity gains. On the other hand, in certain countries of western and southern Europe, including France, Italy and Spain, labor productivity has rather stagnated over the period studied, and it has even fallen in Mexico and Greece.
According to the OECD, comparing GDP per hour worked between countries remains tricky, because there is not yet a uniform method of measurement internationally, despite a recent improvement in the data reported. Longitudinal studies – that is to say which look at how the productivity of a country has evolved over time – are on the other hand much more reliable.
According to recent studies, reducing working time – for example as part of the introduction of the four-day week – could actually boost productivity. But according to OECD data, the results would be mixed. GDP per hour worked only partially reflects the productivity expressed in terms of personal capacities and intensity of workers’ efforts. The relationship between production and the labor factor depends to a large extent on other factors, including capital, technical or organizational development, efficiency gains, economies of scale or even the structure and specificity of the industry. productive apparatus of a given country.
2023-08-15 15:24:56
#Infographic #labor #productivity #changed
