How measured?

Productivity is measured by the factors that measure productivity.
Basically, you divide Gross National Product by hours worked, adjust
for inflation, etc etc.

Asking how you measure productivity is like asking how you measure
speed. You do it with the tools developed for that purpose.

Over the past hundred years, nothing like the American growth engine
has ever been seen. That doesn't necessarily mean that we can continue
to ride the unicycle for another hundred years, but I would rather
start down the road on the American unicycle than on any other.


all the best -- Dan Ford
email: (put Cubdriver in subject line)

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