Things I've Tagged ‘Productivity’

Page 1 of 1


#Productivity

According to the economics of the industrial age, it’s simple: Money spent creates output. If you use less labor or your system creates more output, your factory is being more efficient.

Machines can be more productive than people because once they’re set up, they create more output per dollar spent. Lowering labor costs is the goal of the competitive industrialist, because in the short run, cutting wages increases productivity.

Seth Godin on Redefining Productivity