productivity increase

productivity

Productivity Is Disappearing Off The Scene

The stagnation in European productivity is serious, a tragedy. Labour productivity is the result of dividing the product obtained (some of components of GDP) by the number of hours worked. It can also be calculated dividing by the number of employees, although the different kinds of contracts (part-time, construction contracts etc.) create distortions. The more GDP expands, the more productivity increases. And the more employment rises, the less productivity increases.