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The measure of productivity I'm using is not related to distribution.
It's simply GDP (PPP) divided by the number of hours worked in the country. Wages are presumably somewhat substantially lower than this figure.
And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
By breaking down low profitability manufacturing companies and shipping the tools and expertise to China we certainly improved the productivity of the process from the perspective of those who undertook it. But from many other perspectives it has been a disaster. That is why I would like to see the whole concept of "productivity", like its companion "reform" stigmatized in the public mind. The way they have been and are being used is destructive to almost all but a tiny few.
"It is not necessary to have hope in order to persevere."
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