In fact, the implicit relation between a long working week and a lower than average productivity needs some more explanation.
A normal effect of a rise in productivity is one that is accompanied with a lower participation ratio.
While the output remains the same, less (human) resources will be able to produce the same output.
This is achieved by introducing more technology for example through the use of information systems, automation of processes, etc.
To employ the same workforce an economy would reduce the working week by means of legislation, in which case the effect on unemployment is minimized.
Spain is the fifth largest economy in Europe with a Gross National Product (GNP) of 743 billion euro, representing 7.
6 percent of the GNP of the EU.
Higher ranked are the countries Germany (with a 21,8% of the European GNP), The UK (16,3%), France (16%) and Italy (13,3%).
The Spanish GNP per inhabitant is 95% of the average EU level, in between Italy (107%) and Cyprus (83%).
Yet this situation provides a lot of opportunities for growth, and apparently, the average growth rate of the GNP of Spain is 2.
4% whereas the average of the EU is only 0.
8%.
(http://www.
ine.
es/prodyser/pubweb/espue25/espue25_eco.
pdf #search=%22productividad%20espana%20INE%22) This is why the Spanish stock exchange outperforms the other European exchanges.
Enough opportunities thus...
According to the secretary general of the UGT (union of workers) Cándido Méndez, the low productivity (in Spain) can not be imputed on the workers "but on formation and technological problems in this country" (http://www.
lukor.
com/not-neg/laboral/0407/22194841.
htm).
This is probably correct, but then; the next question is, how will the increase in productivity be established? © 2006 Hans Bool
A normal effect of a rise in productivity is one that is accompanied with a lower participation ratio.
While the output remains the same, less (human) resources will be able to produce the same output.
This is achieved by introducing more technology for example through the use of information systems, automation of processes, etc.
To employ the same workforce an economy would reduce the working week by means of legislation, in which case the effect on unemployment is minimized.
Spain is the fifth largest economy in Europe with a Gross National Product (GNP) of 743 billion euro, representing 7.
6 percent of the GNP of the EU.
Higher ranked are the countries Germany (with a 21,8% of the European GNP), The UK (16,3%), France (16%) and Italy (13,3%).
The Spanish GNP per inhabitant is 95% of the average EU level, in between Italy (107%) and Cyprus (83%).
Yet this situation provides a lot of opportunities for growth, and apparently, the average growth rate of the GNP of Spain is 2.
4% whereas the average of the EU is only 0.
8%.
(http://www.
ine.
es/prodyser/pubweb/espue25/espue25_eco.
pdf #search=%22productividad%20espana%20INE%22) This is why the Spanish stock exchange outperforms the other European exchanges.
Enough opportunities thus...
According to the secretary general of the UGT (union of workers) Cándido Méndez, the low productivity (in Spain) can not be imputed on the workers "but on formation and technological problems in this country" (http://www.
lukor.
com/not-neg/laboral/0407/22194841.
htm).
This is probably correct, but then; the next question is, how will the increase in productivity be established? © 2006 Hans Bool
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