The pan-European Office for the Ecodesign of everything
Paul Krugman, our most recent Nobel Laureate in economics* has pointed out that while productivity isn't everything, in the long run it’s almost everything. As, on average, labour becomes more productive then for each hour of work there are more things made, meaning more things to share around. Rising productivity is thus the secret to rising living standards.
01 Feb 09:02 | 51