[Sephiroth]

Originally Posted by nomadking

The measuring of productivity by using GDP has no connection with working hours. Are we really meant to believe that Italy is around as productive as Germany? Bulgaria is half of the EU average with the same EU working rules. Based upon an 100 average for the EU27, the figures for 2019 range from Bulgaria 49.1 to Germany 103.7, Italy 104.9, right up to Ireland with 197.

How does that work?

You have a point there. The OECD 2019 report of France bears that out.

https://www.oecd.org/france/oecd-pro...hts-france.pdf

Highlights
 Labour productivity within French market service industries has stagnated over the entire 2002-15 period; in manufacturing industries, productivity has grown until 2011 but has stalled since.

 Productivity dispersion has increased more than wage dispersion over the period, which may be linked to the effect of labour market institutions.

 The productivity-wage premium is weaker than in other countries, especially at the top, suggesting a partial decoupling of wages and productivity.

 Labour allocation has increasingly contributed to aggregate productivity in manufacturing, while the contribution in services is quasi-nil, although increasing.

Oddly (to me) the OECD productivity comparison did not include the UK but did include Australia, Austria, Belgium, Canada, Chile, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Sweden, Switzerland.




---------- Post added at 15:06 ---------- Previous post was at 15:01 ----------

Originally Posted by 1andrew1

I believe Seph is familiar with Vote Leave's manifesto.

The over-riding message in the Vote Leave manifesto was to take back control. I hope that's what will happen.