On a national level, in macro-economics, productivity is GDP divided by total hours worked (for money).
I’d say that a high productivity generally means working less hard, because machines do the tough bits. A high productivity requires a very high skilled labor force, using a lot of machines and robots. It’s by definition an efficient and effective use of labor, though one could ask pointed questions about environmental degradation.
I’m economics, productivity just means labour hours divided by revenue. This has nothing to do with how hard, efficient or effective anybody works.
On a national level, in macro-economics, productivity is GDP divided by total hours worked (for money).
I’d say that a high productivity generally means working less hard, because machines do the tough bits. A high productivity requires a very high skilled labor force, using a lot of machines and robots. It’s by definition an efficient and effective use of labor, though one could ask pointed questions about environmental degradation.