Productivity, the amount of output per hour of work, is a key factor determining an economy’s growth potential. The economy’s potential to grow is governed by two major factors: growth of the labor force growth in productivity
Secret #1: They focus on minutes, not hours. Secret #2: They focus only on one thing. Secret #3: They don’t use to-do lists. Secret #4: They beat procrastination with time travel. Secret #5: They make it home for dinner. Secret #6: They use a notebook. Secret #7: They process email only a few times a…
“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
“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…
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