Negli ultimi 25 anni, le economie europee hanno sviluppato un divario di produttività del 33% rispetto agli Stati Uniti
https://i.redd.it/u34qkv6bv70g1.png
di nohup_me
Negli ultimi 25 anni, le economie europee hanno sviluppato un divario di produttività del 33% rispetto agli Stati Uniti
https://i.redd.it/u34qkv6bv70g1.png
di nohup_me
40 commenti
You can also add Canada to that list
How is “productivity” measured? Is it just revenue generated per hour worked or something like that? Can it be explained by the € depreciating relative to the $ or is there more to it?
For example 2 baristas serve 50 lattes each, but one is in Manhattan, the other in let’s say Athens, so the first generates $390 for their coffee shop, the second only €180.
Is the Greek barista ~2 times less productive because coffee is cheaper in Greece?
And also a life expectancy gap
False information. Most of is simply the euro exchange rate changing.
The same stat about a GDP gap is due to the same thing. When accounting for PPP, it’s only a few percent.
Ok, now show the graph without mag7
Oh no, not the productivity! /s
Another chart totally dominated by the IT sector and its stock market valuation.
Ok, now down a boss va employee salaries and how much it costs to be alive, how many hours you need to work to get the bare minimum, how easy it is to lose your job and how often people get fired for no reason.
Example: amazon just fired 14k people. Why? “Productivity” and “growth”. so maybe fix your metric first.
https://www.trueup.io/layoffs
I would rather have less “productivity” that goes into the pockets of anyone but me, have a good work-life balance and not be afraid to call for an ambulance so I do not get bankrupt. Tyvm
Yeah, as an American I’d also like to see the competitive happiness, life expectancy, and quality of life indicators. The US will undoubtedly lag in these areas. We may be more productive (debatable) but we’re not living better lives – only our billionaire overlords are.
USA does super shady shit to their GDP like adding what each homeowner in the country would have ~~payed~~ paid as rent if the house wasn’t theirs. I don’t trust a single metric coming from there.
I do expect Europe to be less productive though, because we have 40h work weeks and a thing called vacations, but 30%? Press X for doubt
not sure GDP per minute worked really is a good measure of productivity when US people can’t have pee breaks. no wonder a us company makes their “report” to scare more customers for themselves, by having ready plans how to “help”poor EU companies to become us slave factories
Just read captions 1 and 2 of the first graph to see how bogus the analysis is :-))))
Of course. Then you are on some American sub and they casually drop that they work 70 hours per week in 3 jobs.
GDP is a bad metric. A huge corporation selling overpriced services and keeping the billions made in offshore bank account won’t increase the living standards in the country.
I would like to see some form of health statistics alongside that, quality of life statistic too.
There is also a reality that the populations are aging (demographics are showing more older and less younger people).
Despite this being false as others have commented, thank fuck we are still at a distance from the insanity that is american and asian work ”culture” of slaving away without sensible vacations or work hours day after day.
GDP per capita is not the best measure of these things. GDP per capita of Ireland is twice that of France and Lichtenstein is twice that again.
I don’t want to shit on the Irish or unnecessarily defend the French, but I don’t think that the productivity gap between the average French and Irish worker is 100%.
Also note that the strongest gains for the US sector are in IT aka the land where the work is outsourced to India and the numbers are made up.
Good. We’re happier and mote healthy as a direct result. Yes. It is directly correlated.
Oh no, we satisfy the Shareholders and Stakeholders and 1-percenters at a rate of 33% less!
Do you know what has the best productivity? Sweatshops, slave labor camps, places with no worker rights. Shows how great it is of an indicator of anything – and that is already ignoring how GDP is not exactly a measure of productivity.
How about.. quality of life of average worker comparison? Because that is ultimately what a country’s economy should have as a main goal – the economical growth should be the main factor for increasing QoL in the country. Not just inflating GDP, while average citizen has less than shit from the GDP rising.
another post where we can all collectively continue to keep our heads solidly in the sand and ignore how the rest of world is catching up and surpassing us.
Bit more devastating that the EU won’t have higher growth than the US no matter how much Trump fucks it up
It needs reform
Congratulations to the americans for being better at accumulating wealth for the rich while sacrificing their own time and health. You have already been forgotten.
I’m not knowledgeable enough to have much of an opinion here, but when one scouts the internet, one finds a lot of data, that paints a much less grim picture. For example:
In the Wikipedia list of [countries by labor productivity,](https://en.wikipedia.org/wiki/List_of_countries_by_labour_productivity#) European economies seem to be in the ball range of the US alright, with some countries like Belgium and Denmark surpassing the US and Germany f.e. only lacking 5% behind.
And [Our world in Data](https://ourworldindata.org/grapher/labor-productivity-per-hour-pennworldtable?tab=line&country=PRT~GBR~ESP~USA~FRA~DEU~ROU~AUT~DNK~NLD) even claims that European economies have been consistently equal to the US in labor productivity since the 90s.
So how does this fit together?
The graph doesn’t tell if there’s a gap of 33% in productivity. It shows that productivity has increased by 54% in the US but only by 21% in the EU. The gap in productivity is exactly 33%, only if there wasn’t any difference in productivity in 1997. Edit: even if so, it’s 33% of the 1997 number, not a 33% difference in the current productivity.
Whats the cost of productivity? Life expectancy, health, general well being? If yes i d stay eu level poor.
Western society has completely lost the plot of collective goal and happiness. In the US they fight for the CEO, and for their survival. In europe everybody fight for themself without any sense of responsabiblity for the prosperity of his society.
Hehehehehehe the dumb Americans. They don’t have our amazing green technologies and social state heheheheheeh
I love how Europe is only Western Europe if it is about productivity, work and life in general. While we are busting our backs in the east for less money than Germans and sometimes work more hours than our US counterparties.
Can we please implement Draghi’s plan now?
In the past decade Covid and the war in Ukraine didnt help.
Also forcing countries to buy more expensive resources, because Russia is deemed as the devil, didnt help either.
Like Germany for instance.
To summarize it because Europe over reliance on American software giants…. So they should fund their own.
As humanity we only can move on in a meaningful way when we finally stop to measure humans in term of “productivity” and “usefullness”
A bit off question, but what font did you use?
The US has been on snowball of stimulus and stock bull market bubbles for over 15 years. It has been “successful” in that asset values and GDP have gone up, but is that extra productivity delivering improved living standards? Are those asset prices worth a housing crisis that locks the young out of life milestones?
I think that this massive growth of GDP in USA is tied to the speculative nature of the stock market. Realistically speaking an employee is more productive on paper when Elon Musk makes a tweet and pumps a stock.
Not saying that all of it is justified by this, but a reasonable chunk of it might be due to how we calculate GDP.
GDP is a stupid metric.
So a bunch of Americans are super ultra rich to inflate that metric.
At least I don’t lose my job and go bankrupt for breaking my leg.
However, I think one has to take a few factors into account here: the standard of living for most Europeans is higher than for Americans, and parts of the American economy are very artificially inflated.
Over the past 25 years, European economies have developed a work life balance, healthcare and labour rights advantage of 33% versus the United States.
What’s the point of productivity if it doesn’t support a better life?
What is the point in posting this? It tells us nothing useful, except the fact that America has a cancerous obsession with profit and growth and absolutely no regard for the quality of life for its people.