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by sbt
974 days ago
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> The US isn't just productive. It is productive beyond the wildest imagination of the rest of world. Productivity has a specific meaning in economics, i.e. labor productivity (GDP per hours worked). What I think you are referring to here is output, i.e. GDP. You can learn more about this here and see the latest country data: https://data.oecd.org/lprdty/gdp-per-hour-worked.htm |
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I think the stat to look at here would be median GDP per hour worked, on a per-capita basis. Calculating the median is of course difficult, but it would account for large, person-less streams of money that passively flow through without actually being "productive" in the "creating something new" sense.