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interesting - I did not realise half of this bylinesnetwork.substack.com/p/decline-wh...

bylinesnetwork.substack.comDecline, what decline? The myth of dying EuropeThere is a widespread view that, by comparison with the USA, Europe is in economic and social decline. But, Zucman argues, it’s not true

Bruce

@bruceroettgers.eu

17 Jan

Interestingly when you exclude farm work, there is a 27% difference in productivity between the Eurozone and the US www.ft.com/content/2208...

ft.comEurope faces ‘competitiveness crisis’ as US widens productivity gapWashington reaps benefits from green fiscal stimulus, rehiring and surge in new businesses

daniel r(ooooooh) at jsconf mx 🇲🇽

@danielroe.dev

did you read the article I linked? they argue that this isn't correct when you account for cost of living differences, and for working hours differences

17/1/26, 4:05 pm0 reposts2 likes

Bruce

@bruceroettgers.eu

17 Jan

I did read the article, but I can't find where they talk about excluding farm work? I only see them comparing Western European countries and EU-27, noting that it drops for the latter to slightly below US.

Bruce

@bruceroettgers.eu

17 Jan

Though your article does adjust for PPP in the statistics contrary to FT - though I'm unsure if that explains the difference entirely and what the factor is. Also interesting the note that oil-rich countries have unusually high productivity.

Sean Newell

@sean.thenewells.us

17 Jan

what is productivity? Does ASML get all the productivity from all their machines counted, or just their own machine that makes all chips ever? (please excuse my tongue in cheek hyperbole)