Standard vs Improvement

“ Without standards, there can be no improvement. ” “ Standards should not be forced down from above but rather set by the production workers themselves. ” “ The Toyota style is not to create results by working hard. It is a system that says there is no limit to people’s creativity. People don’t go…

Berlin’s Confounding Productivity Gap

“The researchers found that two factors have the biggest effect on a region’s success (read, high productivity per worker): the younger and more educated its population, the higher the productivity. Other factors, such as population density and proximity to other economically dynamic regions, proved far less important.” Source

Higher wages key to higher productivity

“In fact, one of the greatest capitalist entrepreneurs of all time, Henry Ford, instinctively grasped this truth when he famously declared, “There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible. It is not the employer who pays…

OECD Compendium of Productivity Indicators 2019

This report presents a comprehensive overview of recent and longer-term trends in productivity levels and growth in OECD countries, accession countries, key partners and some G20 countries. An introductory chapter features an analysis of latest developments in productivity, employment and wages. OECD Compendium of Productivity Indicators 2019