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Originally Posted by jonbxx
Absolutely, it will always depend on how you measure productivity but to brand the figures meaningless is a leap. The figures should be regarded with certain caveats.
There is some more data here - https://data.oecd.org/lprdty/gdp-per...ndicator-chart with a number of different productivity indicators and each time, France is doing fairly well and certainly better than the UK. Is this because of or despite French labour laws is open to debate. Macron clearly thinks that it is despite, hence the will to go towards a more anglo-saxon approach |
It's still only measuring GDP, not how many widgets they produce an hour. It that sense it is meaningless. Where the GDP has come from French investments elsewhere, eg the UK, then that GDP has been generated by the foreign workforce.