economy
Work More, Be Poorer
Vučić's interpretation of productivity is proof of elementary misunderstanding and reduces economic policy to the most primitive model of more working hours, regardless of output. Productivity does not increase by extending the workday, but by creating greater value in the same amount of time. And the confrontation with education suggests the authorities' intention to remain on the path that leads to the abyss.
TL;DR
- The current interpretation of productivity equates more working hours with increased productivity, which is a flawed economic model.
- Productivity is enhanced by creating more value in the same amount of time, not by simply working longer.
- Actions related to education indicate a governmental path that leads to negative economic consequences.