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by santiagogo
2304 days ago
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Number of hours worked is not equal to production or richness of a society. Productivity equals production. A small team of engineers who design and create a machine to build brick walls en masse, could have the same productivity as hundreds of thousands of bricklayers working 16 hours a day. A good example of this are Silicon valley, Singapore or New York, which are small social groups that have more economic and social output than most countries with a much larger population. To be more productive and have a richer and better quality of life (richer is not necessarily more quality of life), it's generally more efficient and sustainable to have better education and social conditions for workers, than to exploit them. |
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I believe a good teacher is 100 times more productive than a software engineer. But that guy that wrote some tracking code earns a boat load more money. So you consider him more productive. That's just a huge fallacy. Value cannot be fully quantified, we use proxies for that reason, but we should always remember that.