How to structure employment so workers are more creative, productive, and happier. Topics covered include: What percentage of employees work at home due to the pandemicHow many hours per week do men and women work in both paid employment and unpaid caregivingHow workers have been allocating the time saved by not commutingWhy the economy would still prosper if we worked only four hours per dayWhat is the cult of efficiencyWhat is the difference between leisure and amusementWhy employers … [Read more...]
142: Why Are Some Nations Wealthier Than Others?
Poor nations work harder than rich ones. Why then are they still poor? In this episode you'll learn: What is GDP per capita and why it is the best way to compare wealth between nations. What is purchasing power parity. How physical capital, labor and total factor productivity contribute to economic growth. Why the mix of economic sectors impacts the wealth of a nation. How exponential growth leads to a radically unpredictable economy. Show Notes OECD Average … [Read more...]