Top Countries by Productivity per Hour Worked (1970/2022)
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Top Countries by Productivity per
Top Countries by Productivity per Hour Worked (1970/2022)
From the first industrial revolution to the 21st century, productivity has steadily increased. In fact, thanks to the use of increasingly technological machinery, what was impossible to do just a few centuries ago has now become a reality. The increase in production and productivity has also led over time to a decrease in hours worked and people involved in the labor market. Child labor has decreased over time and so have the hours worked. In 1870 in the United Kingdom, the leading nation of the first industrial revolution, male and female workers worked an average of 2755 hours. A figure that dropped by more than 1,000 hours in 2017. But at the same time, how much does each hour worked generate in GDP? What is the productivity per hour worked? In this new article we will look at some of these elements. Labor Productivity.
Source: OECD
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From the first industrial revolution to the 21st century, productivity has steadily increased. In fact, thanks to the use of increasingly technological machinery, what was impossible to do just a few centuries ago has now become a reality. The increase in production and productivity has also led over time to a decrease in hours worked and people involved in the labor market. Child labor has decreased over time and so have the hours worked. In 1870 in the United Kingdom, the leading nation of the first industrial revolution, male and female workers worked an average of 2755 hours. A figure that dropped by more than 1,000 hours in 2017. But at the same time, how much does each hour worked generate in GDP? What is the productivity per hour worked? In this new article we will look at some of these elements. Labor Productivity.
Source: OECD
Subscribe to this channel to access the benefits:
@statisticsanddata
👌🏼 Support the channel! Donate a coffee to Statistics and Data project:
https://ko-fi.com/statisticsanddata
🌐 Read more articles: https://www.statisticsanddata.org/
▶️ To follow the channel subscribe: statisticsanddata
12 ماه پیش
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