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Maybe it will help me to understand the great flaw in Britain's economy, our crappy productivity (output per hour worked).
The ONS said that the gap with the rest of the G7 was even wider – 19% – using an alternative measure of productivity, output per worker.
An alternative measure of productivity, output per worker, showed some growth in 2014 as a result of employees working longer hours.
The ONS said on its alternative measure of productivity – output per worker – the UK had a 19-point gap with the rest of the G7.
New deputy governor Minouche Shafik says interest rate rises hinge on whether pay rises but productivity – output per hour worked – does not.
Business bankruptcies have actually declined and productivity (output per worker per hour of work) rose an annualized 8.4percentt in the most recent quarter, the best performance in 19 years.
Similar(36)
The other is to increase productivity -- output per worker or per hour worked.
He starts with the fact that productivity -- output per worker -- has been rising quickly in recent years.
Phil Flaxton, chief executive of Work Wise UK, cited BT's homeworking model as an example of how to increase productivity - output rose by 20% in areas where it introduced these policies.
Productivity is output per unit input.
So many entrepreneurs I meet underestimate the importance of measuring productivity and output.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com