Innovative policies for sustaining productivity
Productivity growth is crucial for economic development, because all of its determinants affect standards of living. This is even more relevant for developing economies. The average worker in South Korea today, for example, needs to work only about 15 weeks to live at the annual income level of the average worker in 1967, which was made possible largely by technological progress.
Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.
You might also like :
- Teenagers boil sanitary pads to get high
- Here are 10 of the most populated cities in the world
- No nutrients lost in rendang despite long cooking period, research says
- Basarnas ends search for Lion Air crash victims
- Bali authority denies report on JE viral infection outbreak
- Anti-LGBT sentiment rises ahead of elections
- Lion Air crash: 'I’m sure dad could swim his way out and survive the crash'
- Singapore Airlines to move to Soekarno-Hatta airport Terminal 3
- When Jokowi’s ‘other women’ let their hair down
- 5 ways to increase your lung capacity