Labor Productivity: Difference between revisions
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=Internal Links= | =Internal Links= | ||
*[[Automation and the Future of Work]], Aaron Benanev | *[[Automation and the Future of Work]], Aaron Benanev | ||
*[[Goodhart's Law]] | |||
**As with all [[Key Performance Indicators]] , they can be gamed, and you can also get too lost in metrics/polls and miss the situation on the ground | |||
=External Links= | =External Links= | ||
Latest revision as of 21:47, 26 October 2025
With robotics and automation, labor productivity is decreasing - [1]
Jeremy Rifkin on Labor Productivity
- Robert Solow got nobel prize for breaking the floor out of economics - concluding that with the current crappy 14% labor productivity, we don't know where the 86% of productivity is wasted.
14%
Labor + capital account for 14% of the efficiency. Aggregate efficiency in the managing, powering, and moving of economic activity. [2]
NB: concepts are mixing here. Do we have 14% efficiency, or do we have that 86% is waste? Yes, if we claim labor + capital are all of the productivity. From the OSE perspective, proprietary tech and various Competitive Waste are the 86% efficiency loss which can be corrected with:
- Flex Fab - distributed fabrication of the Second Industrial Divide
- Open Source IP - end of patents and trade secrets
- Open Sector Enterprise
- Abundant Money - crypto backed by transparent physical production that can now be accounted in a distributed way, connected to Essential Productivity
- Differentiation between Essential and Bullshit Productivity.
Internal Links
- Automation and the Future of Work, Aaron Benanev
- Goodhart's Law
- As with all Key Performance Indicators , they can be gamed, and you can also get too lost in metrics/polls and miss the situation on the ground
External Links
- The Wikipedia Page on Labor Productivity
- A (Section of A) Video by the YouTube Channel "Farm to Taber" Titled "How The US Gave Up On Growing Food" ( ~18 Minute Watch )
- To paraphrase she mentions how in areas where labor is CHEAP, having people feeding machines manually, or (even to be slightly hyperbolic) using a Mortar and Pestle or Manual Rotary Mill CAN work, meanwhile if you have modern minimum wages and whatnot, Current High Quality Machines are NEEDED to be competitive (So they may be making 15 USD per hour, but you get more for that 1 Work-Hour, DUE TO enhanced Labor Productivity
- High Quality, Less Expensive, and More Maintainable Hardware by OSE and similar groups fills this niche well, and thus is a good route to leverage/promote