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Productivity and the Bonus Culture
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Productivity and the Bonus Culture
Living standards in the UK and US are in danger of falling. A decline in growth due to poor productivity and an unfavourable change in demography has weakened the stand of liberal democracy, and voter dissatisfaction is encouraging populist policies that threaten even worse outcomes. Whilst living standards once grew faster than productivity they now grow more slowly, and the working population is no longer growing faster than the population as a whole. To avoid falling living standards the productivity problem must be addressed.Andrew Smithers argues that faster productivity does not depend, as many suggest, on technology; it also relies on investment. Current growth theory is based on a faulty model which has induced pessimism about our ability to encourage more growth. Productivity and the Bonus Culture sets out a revised model which demonstrates that weakness in productivity is the result of the bonus culture, and suggests ways to change this flawed system so that investment is encouraged and growth returns.
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Living standards in the UK and US are in danger of falling. A decline in growth due to poor productivity and an unfavourable change in demography has weakened the stand of liberal democracy, and voter dissatisfaction is encouraging populist policies that threaten even worse outcomes. Whilst living standards once grew faster than productivity they now grow more slowly, and the working population is no longer growing faster than the population as a whole. To avoid falling living standards the productivity problem must be addressed.Andrew Smithers argues that faster productivity does not depend, as many suggest, on technology; it also relies on investment. Current growth theory is based on a faulty model which has induced pessimism about our ability to encourage more growth. Productivity and the Bonus Culture sets out a revised model which demonstrates that weakness in productivity is the result of the bonus culture, and suggests ways to change this flawed system so that investment is encouraged and growth returns.
Produktdetaljer
Sprog: Engelsk
Sider: 190
ISBN-13: 9780198836117
Indbinding: Hardback
Udgave:
ISBN-10: 0198836112
Kategori: Erhvervsøkonomi
Udg. Dato: 11 jul 2019
Længde: 17mm
Bredde: 236mm
Højde: 176mm
Oplagsdato: 11 jul 2019
Forfatter(e) Andrew (Founder Smithers, Andrew Smithers


Kategori Erhvervsøkonomi


Sprog Engelsk


Indbinding Hardback


Sider 190


Udgave


Længde 17mm


Bredde 236mm


Højde 176mm

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