Let’s Be Less Productive

Productivity can be defined as, “The amount of output delivered per hour of work in the economy”.  Our ability to generate more output with fewer people has provided us with many benefits, including less drudgery.  To succeed, though, this system depends on economic growth.  Increased productivity without growth means there’s less work to go around.  Less work increases unemployment.  If, for any one of many possible reasons, there was no growth, one solution would be to increase the number of jobs in “low productivity” sectors.  Caring professions such as medical and education directly improve the quality of lives and making them more efficient, after a certain point, is not desirable.Read the full article here:  Let’s Be Less Productive