Economics
24 watchers
Jul 2023
11:01pm, 19 Jul 2023
47,316 posts
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HappyG(rrr)
12 elapsed months was always my understanding. Could be slower, 0.25% rises. Let's hope interest rates go down sooner rather than later.  G
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Jul 2023
11:10am, 22 Jul 2023
19,287 posts
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Cerrertonia
This piece is coming from a right-of-centre perspective, and it might be harder hitting if he'd compared us with countries in Europe, rather than the US, but still pretty interesting. sambowman.co |
Jul 2023
1:03pm, 22 Jul 2023
71,569 posts
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GlennR
That was the essay I indirectly referred to in my blog on Wednesday. Worrying stuff.
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Jul 2023
10:15pm, 23 Jul 2023
71,597 posts
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GlennR
Some hard data on international productivity comparisons: https://commonslibrary.parliament.uk/research-briefings/sn02791/#:~:text=International%20comparisons,below%20Germany%20and%20the%20US. |
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Jul 2023
10:19pm, 23 Jul 2023
71,598 posts
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GlennR
Try again: commonslibrary.parliament.uk |
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Jul 2023
11:20pm, 23 Jul 2023
47,329 posts
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HappyG(rrr)
I'd like to see some of the metrics changing in our climate crisis world. We can't keep chasing "growth" and "production" as the primary measures of success.
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Jul 2023
11:50pm, 23 Jul 2023
71,604 posts
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GlennR
Production is different from productivity. Higher efficiency will ultimately lead to lower energy consumption, a point which is clear when you think of cars. The more we can do with less the better.
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Jul 2023
3:20pm, 24 Jul 2023
47,335 posts
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HappyG(rrr)
Productivity is measured as gross domestic product(GDP) per hour of work. This data is adjusted for inflation and differences in the cost of living between countries. ourworldindata.org Err, so I think Productivity does measure production. In the sense that it is per hour of work, which is related to population, which unless you cull people, doesn't change. Increased productivity = increased GDP / value / production (and actually, because we don't export much, for UK it = consumption). I agree, if we could consume less, produce less and actually do it all more efficiently, using less energy and raw materials, that would be a good measure. But that's not the current measure. G
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Jul 2023
7:26pm, 26 Jul 2023
12,170 posts
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lammo
I see the Fed has just raised interest rates again
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Jul 2023
8:04pm, 26 Jul 2023
71,672 posts
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GlennR
Yes, they have a problem there with the economy potentially overheating, not something that applies in Europe.
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