Category: 10. Productivity

Work hard or work well?

Many say the secret for a good life is ‘work hard and play hard’ Leila Hock, in an article for Career Contessa, disagrees – ‘work hard’ apparently “makes my eyes roll a little” She believes we’ve become too preoccupied with “the grind” and it’s actually bringing us down – “It has a negative effect on …

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Waste leaves productivity dead in the water

 A post by author Charles Hugh Smith hits the nail on the head about the ‘productivity puzzle’ – rising waste in all sectors, hardly mentioned by the experts, is mostly to blame Productivity in the U.S. has been declining since the early 2000s. This trend mystifies economists, as the tremendous investments in software, robotics, networks and mobile …

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Misleading research metrics

In an article entitled ‘Capitalism is ruining science’, Meagan Day (for www.jacobinmag.com) points out that universities existed before capitalism and pursued not profit but truth and knowledge But no longer The modern university has become increasingly subservient to the imperatives of capitalism i.e. competition, profit maximisation and increasing labour productivity In academia, this manifests itself as …

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Steel industry productivity

Professor Mark Perry, University of Michigan, wrote about productivity in the US steel industry – this is especially relevant given President Trump is threatening to protect the industry by introducing tariffs of 25% on imported steel and 10% on imported aluminium The main reason for the loss of US steel jobs is a huge increase …

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Why only labour productivity?

Why do we measure just labour productivity when it’s the productivity of all costly input resources used together that matters most: Because we always have done – it was relatively easy to count in the old manufacturing days? Because if you produce more per worker, there’s more to share out to each worker – which …

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