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SteelersMongol
09-02-2007, 11:12 PM
GENEVA (AP) - 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 a U.N. report released Monday, which said the United States "leads the world in labor productivity."

The average U.S. worker produces $63,885 of wealth per year, more than their counterparts in all other countries, the International Labor Organization said in its report. Ireland comes in second at $55,986, followed by Luxembourg at $55,641, Belgium at $55,235 and France at $54,609.

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.

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.

The U.S., according to the report, also beats 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, $37.99, a figure inflated by the country's billions of dollars in oil exports and high prices for goods at home. The U.S. is second at $35.63, 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...

For more go to http://apnews.excite.com/article/20070903/D8RDNM380.html

Preacher
09-03-2007, 12:21 AM
Not surprising.

The idea of the lazy American is really a misnomer.

verks36
09-03-2007, 12:47 AM
The us working class works long our productively . Where ass asia works longer hours but not productive and europe doesnt work long and is in the middle of the productivity.

I hope this trend countnues and helps bolster the american economy.

And here is a question i raise if this information is all true why is the dollar worth so little right now and the euro is as high as it has ever been

Preacher
09-03-2007, 01:21 AM
The us working class works long our productively . Where ass asia works longer hours but not productive and europe doesnt work long and is in the middle of the productivity.

I hope this trend countnues and helps bolster the american economy.

And here is a question i raise if this information is all true why is the dollar worth so little right now and the euro is as high as it has ever been

Good. That means that they can buy a lot more of our products and our products will be cheaper in their countries...

SteelersMongol
09-04-2007, 03:25 AM
Good. That means that they can buy a lot more of our products and our products will be cheaper in their countries...

Kind of like everyone is buying Chinese made products right now? I don't know, it's kind of hard to believe that it will happen soon.

SteelersMongol
09-04-2007, 03:31 AM
... Where ass asia works longer hours but not productive...

You mean only office hours right? :smile: Cuz when it comes to making products and such that require physical labor, I think the Asians were never not too much behind. :bouncy:

Stlrs4Life
09-04-2007, 08:32 PM
Knew this all along, but we continue to send jobs overseas.

Preacher
09-05-2007, 12:43 AM
Knew this all along, but we continue to send jobs overseas.

Jobs that are sent overseas are replaced with new jobs from new companies and new industries. That is how we still have a unemployment rate that is 6/10's away from what is considered full employment.

Thus, jobs sent overseas are creating room for new jobs. BTW, the average income right now is 17.60+ an hour, or 36,600 a year on average.

Hines0wnz
09-05-2007, 12:58 AM
Jobs that are sent overseas are replaced with new jobs from new companies and new industries. That is how we still have a unemployment rate that is 6/10's away from what is considered full employment.

Thus, jobs sent overseas are creating room for new jobs. BTW, the average income right now is 17.60+ an hour, or 36,600 a year on average.

Good point there and anyone who takes a simple economics class would know that!

Well I'm glad I'm above average on some scale. :flap: