Quote:
Originally Posted by calgarygeologist
I wonder how a 4 day work week would roll into this:
Quote:
productivity from 2000 to 2019 grew at an average of 0.9 per cent annually, half the annual rate it had grown over the years from 1961 to 2000. Had we maintained the same productivity growth from 2000 on, the average annual income for Canadian workers in 2019 would have been about $13,550 higher. That’s pocketbook proof that greater productivity benefits everyone.
Improving productivity is not about maximizing our labour force participation, as important as that may be. Increasing the labour force helps promote growth, but it doesn’t necessarily improve productivity. Nor should our goal be about working harder or working with fewer people to do the same amount of work. It’s about working smarter, which is not the same thing at all. The best way to elevate labour productivity in the 21st century is through the application of technological advances and ensuring the ability of the labour force to adapt to them.
|
https://www.theglobeandmail.com/busi...sinesses-book/ |
It would be absolutely stunning if even half of that average annual income would actually go to workers as opposed to companies' bottom lines. That's an entriely different discussion, however.