You are mistaken.
Thatcher Dead
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What's the answer?the productivity of labour is a measurement of the value that is delivered per unit of work.
For example, if you are manufacturing planks out of tree-trunks using a handsaw, you might be lucky to produce one plank per day.
If I was equipped with a large mechanical saw and travelling bed, I might produce two thousand planks a day.
My productivity would be two thousand times greater than yours.
In that example, investment in plant and equipment has increased labour productivity.
As a worker, I might try to obtain a pay rise. My employer would be able to afford it, since his output had dramatically increased, and he could if he wished sack my other 1999 colleagues. However he might wish to continue paying me minimum wage and pocket the increased profits. In a free market, it is considered that the employer has the right to pay as little as he can, and the employee has the right to demand as much as he can.
In Thatcherism, only half of the "free market" idea is considered acceptable.
For example, if you are manufacturing planks out of tree-trunks using a handsaw, you might be lucky to produce one plank per day.
If I was equipped with a large mechanical saw and travelling bed, I might produce two thousand planks a day.
My productivity would be two thousand times greater than yours.
In that example, investment in plant and equipment has increased labour productivity.
As a worker, I might try to obtain a pay rise. My employer would be able to afford it, since his output had dramatically increased, and he could if he wished sack my other 1999 colleagues. However he might wish to continue paying me minimum wage and pocket the increased profits. In a free market, it is considered that the employer has the right to pay as little as he can, and the employee has the right to demand as much as he can.
In Thatcherism, only half of the "free market" idea is considered acceptable.
No I'm not. If you think I am then prove it.
Sorry, I find that hard to believe although, I suppose, standards have been dumbed down lately. I don't suppose you would tell me at which institution you obtained your qualification.
Not just apostrophes either. I'm not a qualified English teacher, but at least I know that 'you must of went over' should be 'you must have gone over'!
that doesn't make sense. What do you mean?
You tell me.
Your the one claiming the japanese guy will cut less timber when he works 2 hours longer every day on the same machine.
Ah, I see.
You have failed to understand my explanation of what productivity is.
I have made no such claim.
If you can't understand my explanation, or the one on Wikipedia, by all means try some others.
I can't help you any more.
You have failed to understand my explanation of what productivity is.
I have made no such claim.
If you can't understand my explanation, or the one on Wikipedia, by all means try some others.
I can't help you any more.
you have failed to understand that the productivity of labour is a measurement of the value that is delivered per unit of work.
At the same level of productivity, the amount of value varies in direct proportion to the amount of work.
For the benefit of anyone having difficulty, an analogy. "Speed" is a measure of distance travelled per unit of time.
For example 60 miles per hour is ten times faster than six miles per hour.
If two people are both travelling at 60 miles per hour, and one travel 600 miles a day while the other travels only five hundred miles, that does not mean the first person has a higher speed. It means he spent more hours travelling.
I don't know how to help a person who can't tell the difference between "speed" and "distance," or between "productivity" and "output".
If you can't understand what "productivity" is then you had better not use the word.
At the same level of productivity, the amount of value varies in direct proportion to the amount of work.
For the benefit of anyone having difficulty, an analogy. "Speed" is a measure of distance travelled per unit of time.
For example 60 miles per hour is ten times faster than six miles per hour.
If two people are both travelling at 60 miles per hour, and one travel 600 miles a day while the other travels only five hundred miles, that does not mean the first person has a higher speed. It means he spent more hours travelling.
I don't know how to help a person who can't tell the difference between "speed" and "distance," or between "productivity" and "output".
If you can't understand what "productivity" is then you had better not use the word.
Productivity is a measure of how many products you can make in a day for a given sum of money. Nothing more .
You seem be having difficulty understanding that simple concept.
Just ask the chinese if you want an explanation.
I think your left wing socialism has you blinded.
Longer hours means more productivity. For example I worked 12 hours yesterday on my own erecting 30m of German made peri shuttering and pouring a concrete wall 30m long x 2.4m tall. No small feat I can tell you.
If I had only worked 8 hours I would only have acheived 20m.
Lithuanians will work the 12 hours for less money than a British worker.
Can you answer the following question... (he won't)
Which worker is the most productive, the EE or the British worker?
You seem be having difficulty understanding that simple concept.
Just ask the chinese if you want an explanation.
I think your left wing socialism has you blinded.
Longer hours means more productivity. For example I worked 12 hours yesterday on my own erecting 30m of German made peri shuttering and pouring a concrete wall 30m long x 2.4m tall. No small feat I can tell you.
If I had only worked 8 hours I would only have acheived 20m.
Lithuanians will work the 12 hours for less money than a British worker.
Can you answer the following question... (he won't)
Which worker is the most productive, the EE or the British worker?
Productivity is a measure of how many products you can make in a day for a given sum of money. Nothing more .
You seem be having difficult understanding that simple concept.
Just ask the chinese if you want an explanation.
Longer hours means more productivity. For example I worked 12 hours yesterday on my own erecting 30m of German made peri shuttering and pouring a concrete wall 30m long x 2.4m tall. No small feat I can tell you.
If I had only worked 8 hours I would only have acheived 20m.
Lithuanians will work the 12 hours for less money than a British worker.
Can you answer the following question... (he won't)
Which worker is the most productive, the EE or the British worker?
Was it pumped in or wheelbarrowed in??
No.
It isn't.
Productivity is a measure of value per unit of time. You can measure it in hours or minutes or days if you want. The sum of money is not part of the meaning.
"Productivity" is a word with a particular meaning. I didn't invent the word and I didn't invent its meaning.
If you choose to use words that you don't understand, and ascribe to them a meaning of your own invention, you are wasting your time.
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