| Topic Name: |
Slave Labour ... Why? |
| Message Name: |
not indicative |
| Date Posted: |
11/20/1999 |
| In Reply To: |
GDP/hours worked = per capita GDP/per capita hours worked.
So in a country with a per capita GDP of $1 per day (and there are plenty...), they must work a few minutes a day, huh? |
| Message: |
well, true...the efficiency of americans may be lower than that of the french but their total output per man is still greater the reason being the marginal cost of labour is 0 for each hour over the nominal 8 hrs/day (no overtime in IB) but the marginal return for time spent, though diminishing, is still positive (unless they're so overworked they cockup on some project).
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