<<  >> (p.4932)
    Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9724777 times)
    oaxaca
    Hero Member
    *****
    Offline Offline

    Activity: 671
    Merit: 500


    View Profile
    June 27, 2015, 04:04:52 PM
     #98621

    ...Productivity index per hour worked. If EU average is 100 than:
    Greece stays at 76.3
    Germany stays at  123.7 i.e an average German working hour is 62.12% more efficient than an average Greek working hour...

    If I may quote your own self:  "It doesn't quite work like that."

    Productivity is the amount of fiat earned per unit of work.  This is a deceptive statistic as the infrastructure in say, Germany is far more advanced than in Greece.  A German office worker can type faster on a computer than a Greek office worker can write using pencil and paper.  How much of this infrastructure is implicitly included in your 123-76 advantage?  How did Germany gain that advantage in the first place?

    Imagine 2 identical twins separated at birth 20 years ago.  One flies to Berlin and the other to Athens.  They both become machinists.  The German twin has a higher productivity than his Greek sibling in 2015.  Is the Greek kid lazy?


    EDIT
    --------
    Now they do a house swap.  Is the "original German" kid now the lazy one?
Page 4931
Viewing Page: 4932