Quote from makloda:
Labor productivity (output per working hour) is high in (former) West Germany -- doesn't mean the Germans put in the longest hours though.
I think Germany once held (maybe still does) the record for having the most paid public holidays per year. Plus each worker gets around 15-25 days of paid vacation days per year on top of that, making them one of one of the lazier countries world wide if you look at avg. working hours per year. They could afford this luxury over the recent decades, considering they were the world's largest exporters and one of the winners in the globalization game.
Productivity took a huge hit post 1990 (reunification with former communist Eastern German Republic) as democratic Germany grew by 20 million relatively unproductive capita. After trillions in transfer payments from the West and 20 years later, I believe there is still a gigantic productivity gap between the industrious southern regions like Swabians (Stuttgart) and Bavarians (Munich) and their Eastern brethren (Berlin, Leipzig etc.). IIRC the Czech Republic (without trillions in transfers) has a higher average industrial output per capita than Eastern Germany today![]()
Quote from dhpar:
Norway, Sweden and Denmark are ahead of us? Aren't they the dreaded SOCIALISTS! Maybe if we go SOCIALIST we'll work harder too.
you will have to......![]()
Quote from Mav88:
Norway won the oil lottery, hardly an example to follow. They used to be really poor. Sweden bankrupted themselves with socialism until they rolled back the welfare state in the 90's. It wasn't easy even for them.
Quote from monty21:
I found this Forbes list rather interesting:
http://www.forbes.com/2009/05/28/hardest-working-countries-lifestyle-realestate-hardest-working.html
8. Australia
8. United Kingdom
7. United States
6. Norway
5. Sweden
4. Canada
3. Denmark
2. Switzerland
2. New Zealand
1. Iceland
Quote from monty21:
Japanese workers are far more productive than their American counter-parts. The percentage of individuals that will become entrepreneurs is so slim that its irrelevant.
It's also absurd to claim that the Japanese are not innovative, even if they "tweak" technology. Have you ever been to Tokyo? Do you know how developed their entire country is? Have you ever heard about how advanced some of the robots that they develop are? Think about all the great cars they produce that are efficient and inexpensive. Have you seen how advanced their cell-phones our compared to ours? I went to Japan about five years ago and they had similar technology to what you see in the iPhone today.
Silicon Valley wouldn't be where it is without Japan.
Quote from TraderZones:
You need to stop using yourself as a source. For example, these two items
Report: U.S. Workers Are Most Productive: "Only part of the U.S. productivity growth, which has outpaced that of many other developed economies, can be explained by the longer hours Americans are putting in, the ILO said. The U.S., according to the report, also beats all 27 nations in the European Union, Japan and Switzerland in the amount of wealth created per hour of work -- a second key measure of productivity." -- AP
The productivity of Japanese workers in key export sectors like automobiles is legendary. But what is less well-known is that Japanese productivity is uneven. Japan's great export industries are world leaders, but manufacturing sectors that produce for its de facto closed domestic market are surprisingly inefficient; many estimates put Japan's total productivity -- even in manufacturing -- at 10 to 20 percent below that of the United States. Where Japan really underperforms, however, is in services. Government regulations that limit competition have sustained an old-fashioned service sector. Because of low service productivity, total output per worker in Japan is only about 70 percent of the level in America.
Quote from shortie:
Forbes is such a rag but it is good for some laughs. Where did the get their methodology for this study? "Let's use whatever methodology we could come up with as long as US ends up in the top 10 hardest working countries" - something like that?
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