Labor productivity - Revision history

RobSmith at 21:36, February 12, 2026

2026-02-12T21:36:03Z

RobSmith at 21:35, February 12, 2026

2026-02-12T21:35:23Z

RobSmith at 21:33, February 12, 2026

2026-02-12T21:33:52Z

RobSmith at 21:33, February 12, 2026

2026-02-12T21:33:23Z

RobSmith at 21:33, February 12, 2026

2026-02-12T21:33:10Z

Conservative: /* External links */

2025-04-26T11:46:55Z

External links

RobSmith at 17:03, March 4, 2025

2025-03-04T17:03:07Z

Conservative: /* United States in comparison to other countries in the world as far as labor productivity */

2024-12-28T01:15:39Z

United States in comparison to other countries in the world as far as labor productivity

Conservative: /* Labor productivity of the United States */

2024-12-28T01:09:28Z

Labor productivity of the United States

Conservative: /* External links */

2024-08-11T11:46:02Z

External links

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 According to the U.S. Labor Bureau of Statistics, "'''Labor productivity''' is a measure of [[Economics|economic]] performance that compares the amount of output with the amount of labor used to produce that output."<ref>[https://www.bls.gov/k12/productivity-101/content/what-is-productivity/what-is-labor-productivity.htm Productivity 101],  U.S. Labor Bureau of Statistics</ref>
-[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|center|thumb|650px|Since 1963, the amount of hours required to purchase a home in the [[United States]] for the average wormer have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]]
+[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|center|thumb|650px|Since 1963, the amount of hours required to purchase a home in the [[United States]] for the average worker have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]]
 Investopedia says about the importance of labor [[productivity]] to an economy, "Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Labor productivity is directly linked to improved standards of living in the form of higher consumption. As an economy's labor productivity grows, it produces more goods and services for the same amount of relative work. This increase in output makes it possible to consume more of the goods and services for an increasingly reasonable price."<ref>[https://www.investopedia.com/terms/l/labor-productivity.asp Labor Productivity: What It Is, How to Calculate & Improve It], Investopedia</ref>

@@ Line 1: / Line 1: @@
 According to the U.S. Labor Bureau of Statistics, "'''Labor productivity''' is a measure of [[Economics|economic]] performance that compares the amount of output with the amount of labor used to produce that output."<ref>[https://www.bls.gov/k12/productivity-101/content/what-is-productivity/what-is-labor-productivity.htm Productivity 101],  U.S. Labor Bureau of Statistics</ref>
-[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|center|thumb|650px|Since 1963, the amount of hours required to purchase a home have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]]
+[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|center|thumb|650px|Since 1963, the amount of hours required to purchase a home in the [[United States]] for the average wormer have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]]
 Investopedia says about the importance of labor [[productivity]] to an economy, "Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Labor productivity is directly linked to improved standards of living in the form of higher consumption. As an economy's labor productivity grows, it produces more goods and services for the same amount of relative work. This increase in output makes it possible to consume more of the goods and services for an increasingly reasonable price."<ref>[https://www.investopedia.com/terms/l/labor-productivity.asp Labor Productivity: What It Is, How to Calculate & Improve It], Investopedia</ref>

@@ Line 1: / Line 1: @@
 According to the U.S. Labor Bureau of Statistics, "'''Labor productivity''' is a measure of [[Economics|economic]] performance that compares the amount of output with the amount of labor used to produce that output."<ref>[https://www.bls.gov/k12/productivity-101/content/what-is-productivity/what-is-labor-productivity.htm Productivity 101],  U.S. Labor Bureau of Statistics</ref>
-[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|right|thumb|650px|Since 1963, the amoiunt of hours required to purchase a home have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]]
+[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|center|thumb|650px|Since 1963, the amount of hours required to purchase a home have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]]
 Investopedia says about the importance of labor [[productivity]] to an economy, "Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Labor productivity is directly linked to improved standards of living in the form of higher consumption. As an economy's labor productivity grows, it produces more goods and services for the same amount of relative work. This increase in output makes it possible to consume more of the goods and services for an increasingly reasonable price."<ref>[https://www.investopedia.com/terms/l/labor-productivity.asp Labor Productivity: What It Is, How to Calculate & Improve It], Investopedia</ref>

@@ Line 1: / Line 1: @@
 According to the U.S. Labor Bureau of Statistics, "'''Labor productivity''' is a measure of [[Economics|economic]] performance that compares the amount of output with the amount of labor used to produce that output."<ref>[https://www.bls.gov/k12/productivity-101/content/what-is-productivity/what-is-labor-productivity.htm Productivity 101],  U.S. Labor Bureau of Statistics</ref>
-[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|right|thumb|650px|Since 1963, the amoiunt of hours required to purchase a home have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]
+[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|right|thumb|650px|Since 1963, the amoiunt of hours required to purchase a home have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]]
 Investopedia says about the importance of labor [[productivity]] to an economy, "Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Labor productivity is directly linked to improved standards of living in the form of higher consumption. As an economy's labor productivity grows, it produces more goods and services for the same amount of relative work. This increase in output makes it possible to consume more of the goods and services for an increasingly reasonable price."<ref>[https://www.investopedia.com/terms/l/labor-productivity.asp Labor Productivity: What It Is, How to Calculate & Improve It], Investopedia</ref>

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-[[File:512px-Solomon and the Plan for the Temple.jpg|thumbnail|right|200px|"Do you see a man [[skill]]ful in his work? He will stand before kings; he will not stand before obscure men.' - King [[Solomon]] (Proverbs 22:29)]]
 According to the U.S. Labor Bureau of Statistics, "'''Labor productivity''' is a measure of [[Economics|economic]] performance that compares the amount of output with the amount of labor used to produce that output."<ref>[https://www.bls.gov/k12/productivity-101/content/what-is-productivity/what-is-labor-productivity.htm Productivity 101],  U.S. Labor Bureau of Statistics</ref>
+[[File:Number of Hours An Average Workers Needs To Purchase A Median Price Home.PNG|right|thumb|650px|Since 1963, the amoiunt of hours required to purchase a home have doubled.<ref>https://davidstockman.substack.com/p/the-housing-affordability-trapwhy-7a6</ref>]
 Investopedia says about the importance of labor [[productivity]] to an economy, "Labor productivity is largely driven by investment in capital, technological progress, and human capital development. Labor productivity is directly linked to improved standards of living in the form of higher consumption. As an economy's labor productivity grows, it produces more goods and services for the same amount of relative work. This increase in output makes it possible to consume more of the goods and services for an increasingly reasonable price."<ref>[https://www.investopedia.com/terms/l/labor-productivity.asp Labor Productivity: What It Is, How to Calculate & Improve It], Investopedia</ref>

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 *[https://www.investopedia.com/ask/answers/031815/what-determines-labor-productivity.asp What Determines Labor Productivity?], Investopedia
 *[https://www.enterprise-development.org/what-works-and-why/evidence-framework/increased-productivity-creates-economic-growth/#:~:text=Increases%20in%20productivity%20allow%20firms,generate%20higher%20Gross%20Domestic%20Product. Increased productivity creates economic growth], Donor Committee for Enterprise Development website
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← Older revision		Revision as of 17:03, March 4, 2025
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	Investopedia indicates: "[[Education]] tends to raise productivity and creativity, as well as stimulate entrepreneurship and technological breakthroughs. All of these factors lead to greater output and economic growth."<ref>[https://www.investopedia.com/articles/economics/09/education-training-advantages.asp#:~:text=Education%20tends%20to%20raise%20productivity,greater%20output%20and%20economic%20growth. How Education and Training Affect the Economy]</ref>		Investopedia indicates: "[[Education]] tends to raise productivity and creativity, as well as stimulate entrepreneurship and technological breakthroughs. All of these factors lead to greater output and economic growth."<ref>[https://www.investopedia.com/articles/economics/09/education-training-advantages.asp#:~:text=Education%20tends%20to%20raise%20productivity,greater%20output%20and%20economic%20growth. How Education and Training Affect the Economy]</ref>
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−	The Organisation for Economic Co-operation and Development states concerning labor productivity: "Labour productivity is a key precondition for high growth of output, employment and wages and central to long-term growth in living standards."<ref>[https://www.oecd.org/countries/russia/jobs-strategy-RUSSIA-EN.pdf How does Russia compare?], Organisation for Economic Co-operation and Development</ref>

	In an economy, one of the causes of wage raises is an increase in marginal labor productivity rates.<ref>[https://web.archive.org/web/20230323210328/https://www.bookey.app/quote-book/basic-economics 30 Best Basic Economics Quotes With Image]</ref>		In an economy, one of the causes of wage raises is an increase in marginal labor productivity rates.<ref>[https://web.archive.org/web/20230323210328/https://www.bookey.app/quote-book/basic-economics 30 Best Basic Economics Quotes With Image]</ref>

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 <br />
 As can be seen in the map above, the USA has one of the highest labor productivity rates in the world.<ref>[https://worldpopulationreview.com/country-rankings/most-productive-countries Most Productive Countries 2024]</ref>]]
 [[File:USA Nonfarm labor productivity 1947 to 2024.png|thumbnail|1250px|center|USA's Nonfarm labor productivity 1947 to 2024<ref>[https://tradingeconomics.com/united-states/productivity#:~:text=Productivity%20in%20the%20United%20States%20averaged%2060.18%20points%20from%201947,U.S.%20Bureau%20of%20Labor%20Statistics USA Nonfarm labor productivity 1947 to 2024]</ref>]]

← Older revision		Revision as of 11:46, August 11, 2024
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	== External links ==		== External links ==

		+	*[https://www.investopedia.com/ask/answers/031815/what-determines-labor-productivity.asp What Determines Labor Productivity?], Investopedia
	*[https://www.enterprise-development.org/what-works-and-why/evidence-framework/increased-productivity-creates-economic-growth/#:~:text=Increases%20in%20productivity%20allow%20firms,generate%20higher%20Gross%20Domestic%20Product. Increased productivity creates economic growth], Donor Committee for Enterprise Development website		*[https://www.enterprise-development.org/what-works-and-why/evidence-framework/increased-productivity-creates-economic-growth/#:~:text=Increases%20in%20productivity%20allow%20firms,generate%20higher%20Gross%20Domestic%20Product. Increased productivity creates economic growth], Donor Committee for Enterprise Development website