This week’s chart shows a strong negative correlation between hours worked and output per hour. Nevertheless, underlying factors seem to be driving this effect in at least some of the countries mentioned.
UK Average Annual Hours Worked v.s. Productivity
Time constraints and uncertainty around wider applicability are potential problems with studies such as the one conducted at Perpetual Guardian. Since the 4-day program was only implemented in November 2018, there is no way to tell if a longer time horizon would…
US Labour Share of GDP
The world economy cannot sustain itself if the majority of its participants are experiencing a decline in real income. Since inequality is not a self-evident vice, this raises the stakes…
Indian Consumption and Investment as a Percentage of GDP
With elections looming in April/May, the Modi administration has recently released an interim Union Budget proposing policies that offer a rebate to taxpayers earning up to 500,000 rupees (7000 USD), benefitting…