Productivity – A country’s productivity is usually measured by the country’s GDP per hours worked.
GDP – Measuring GDP is complicated (which is why we leave it to the economists), but at its most basic, the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach), or by adding up what everyone spent (expenditure method). Logically, both measures should arrive at roughly the same total. ~ Investopedia
Productivity isn’t everything but in the end it is almost everything. A country’s ability to improve its standard of living over time depends almost entirely on its ability to raise its output per worker. ~ Paul Krugman
Short skirts in the workplace has been shown to boost productivity by boosting attendance. ~ aka_lol
Prime Minister Patrick Manning said the country’s productivity has been falling for the last five years and though I didn’t have the figures to prove it I had a gut feeling it was so since everybody I knew was either stuck in traffic or flood during productive times. The Prime Minister is saying we citizens were being paid more and more over those five years but we produced less and less. I feel a sense of shame because of this. What The Prime Minister didn’t say was people were being paid more and more for one of several reasons – to avoid starvation due to inflation, to go apartment shopping in Miami or to help win elections. The Prime Minister also said in his speech to launch the Productivity Council that citizens must work harder and come to work on time – the answers are always so simple.
So we need to produce more corn curls, Crix and painted stones (aka GDP) per man per hour. How we in Trinidad and Tobago achieve more productivity will not be easy since UDECOTT is already spending efficiently and the new helicopters will produce more than just dust in we face. The Parliamentarians are taking the lead and agreed to a much deserved wage freeze but will produce more hot air in return. All these efforts must be commended but I am mostly hoping the 15-man Productivity Council has enough productive members to produce a productive report worth producing at a competitive price.