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What’s driving the Great Resignation?

Debunking Economics - the podcast

00:00

What Is Labor Productivity?

Labor productivity is just another expression for the ratio of machines to workers. Deming's ideas about how to manage a factory were empowering the workers. On a demming production line, every worker had a switch with which he could stop the entire production line. And then each time you do it, the line gets faster and faster until it operates as a smooth machine.

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