The input is not the cost of the hours worked, but the number of hours worked. E... | Hacker News

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Xylakant on Nov 16, 2022 | parent | context | favorite | on: All companies are fucked up

The input is not the cost of the hours worked, but the number of hours worked. Essentially, productivity measures the number of items a worker can produce per hour worked. Wage or cost doesn’t enter the equation.

vba616 on Nov 18, 2022 [–]

As to what I wrote, the output is commonly measured in financial terms, isn't it?

And in theory, the output is equal to one's income, or the value added.

https://en.wikipedia.org/wiki/Gross_domestic_product (Production approach vs Income approach)

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