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[QUOTE]Originally posted by raybond: [QB] US holds lead in worker productivity published: Tuesday | September 4, 2007 American workers stay longer in the office, at the factory or on the farm than their counterparts in Europe and most other rich nations, and they produce more per person over the year. They also get more done per hour than everyone but the Norwegians, according to an International Labour Organisation (ILO) report released Monday, which said the United States "leads the world in labour productivity". Each U.S. worker produces US$63,885 (46,867) of wealth per year, more than his or her counterpart in all other countries, the ILO said in its report. Ireland comes in second at US$55,986 (41,073), ahead of Luxembourg, US$55,641 (40,819); Belgium, US$55,235 (40,522); and France, US$54,609 (40,062). The productivity figure is found by dividing the country's gross domestic product by the number of people employed. The U.N. report is based on 2006 figures for many countries, or the most recent available. Productivity was up in the Latin American and Caribbean region, with each worker contributing wealth of US$18,908, or 2.9 per cent more than they did in 2005. The region, however, fell below the world average of US$19,834. Only part of the U.S. productivity growth, which has outpaced that of many other developed economies, can be explained by the longer hours Americans are putting in, the ILO said. Productivity The U.S., according to the report, also beat all 27 nations in the European Union, Japan and Switzerland in the amount of wealth created per hour of work - a second key measure of productivity. Norway, which is not an EU member, generates the most output per working hour, US$37.99 (27.87), a figure inflated by the country's billions of dollars (euros) in oil exports and high prices for goods at home. The U.S. is second at US$35.63 (26.14), about a half-dollar ahead of third-place France. Seven years ago, French workers produced over a dollar more on average than their American counterparts. The country led the U.S. in hourly productivity from 1994 to 2003. The U.S. employee put in an average 1,804 hours of work in 2006, the report said. That compared with 1,407.1 hours for the Norwegian worker, and 1,564.4 for the French. It pales, however, in comparison with the annual hours worked per person in Asia, where seven economies - South Korea, Bangladesh, Sri Lanka, Hong Kong, China, Malaysia and Thailand - surpassed 2,200 average hours per worker. But those countries had lower productivity rates. Competition America's increased productivity "has to do with the ICT (information and communication technologies) revolution, with the way the U.S. organises companies, with the high level of competition in the country, with the extension of trade and investment abroad," said Jose Manuel Salazar, the ILO's head of employment. The ILO report warned that the widening of the gap between leaders such as the U.S. and poorer nations has been even more dramatic. Labourers from regions such as south-east Asia, Latin America and the Middle East have the potential to create more wealth, but are being held back by a lack of investment in training, equipment and technology, the agency said. In sub-Saharan Africa, workers are only about a twelfth as productive as those in developed countries, the report said. "The huge gap in productivity and wealth is cause for great concern," ILO Director-General Juan Somavia said, adding that it was important to raise productivity levels of the lowest-paid workers inthe world's poorest countries. China and other East Asian countries are catching up quickest with Western countries. Productivity in the region has doubled in the past decade and is accelerating faster than anywhere else, the report said. Long way to go But they still have a long way to go: workers in East Asia are still only about a fifth as productive as labourers in industrialised countries. The vast differences among China's sectors tell part of the story. Whereas a Chinese industrial worker produces US$12,642 (9,289) worth of output - almost eight times more than in 1980 - a labourer in the farm and fisheries sector contributes a paltry US$910 (669) to gross domestic product. The difference is much less pronounced in the United States, where a manufacturing employee produced an unprecedented US$104,606 (76,860) of value in 2005. An American farm labourer, meanwhile, created US$52,585 (38,637) worth of output, down 10 per cent from seven years ago, when U.S. agricultural productivity peaked. - [/QB][/QUOTE]
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