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Productivity-improving technologies date back to antiquity, with rather slow progress until the late Middle Ages. Important examples of early to medieval European technology include the water wheel, the horse collar, the spinning wheel, the three-field system (after 1500 the four-field system—see crop rotation) and the blast furnace.
Gordon J. Bjork points out that manufacturing productivity gains continued, although at a decreasing rate than in decades past; however, the cost reductions in manufacturing shrank the sector size. The services and government sectors, where productivity growth is very low, gained in share, dragging down the overall productivity number.
The following list of countries by labour productivity ranks countries by their workforce productivity. Labour productivity can be measured as gross domestic product (GDP) or gross national income (GNI) generated per hour.
This increase in possible connections causes the process of innovation to not only continue, but to accelerate. Burke poses the question of what happens when this rate of innovation, or more importantly change itself, becomes too much for the average person to handle, and what this means for individual power, liberty, and privacy.
The decoupling of median wages from productivity, sometimes known as the great decoupling, [1] is the gap between the growth rate of median wages and the growth rate of GDP per person or productivity. Erik Brynjolfsson and Andrew McAfee highlighted this problem toward the end of the twentieth century and the beginning of the twenty-first ...
The Ringelmann effect is the tendency for individual members of a group to become increasingly less productive as the size of their group increases. [1] This effect, discovered by French agricultural engineer Maximilien Ringelmann (1861–1931), illustrates the inverse relationship that exists between the size of a group and the magnitude of group members’ individual contribution to the ...
Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. [1]
This was the main focus of the essay by Cyril Northcote Parkinson, published in The Economist in 1955, [1] [7] and reprinted with other similar essays in the successful 1958 book Parkinson's Law: The Pursuit of Progress. [8] The book was translated into many languages. It was highly popular in the Soviet Union and its sphere of influence. [9]