May 2008
Intermediate to advanced
240 pages
5h 5m
English
Content preview from A World of Wealth: How Capitalism Turns Profits into ProgressBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 11. The Capitalist Quest for Productivity
The endless struggle to improve productivity at the heart of capitalism is not always welcome. Productivity can mean doing more with the same amount of effort, but a business trying to improve its productivity may have to reduce labor hours without reducing output. That means job losses, which are never popular. If productivity increases without actual job losses, it still may be a sign that the boss has found a way to make workers work harder. Speeding up an assembly line or forcing workers to adopt the recommendations of efficiency experts are unpopular with workers. After such experiences, any talk of productivity increases may be seen as a threat.
Recall from the introduction the painters whose ...
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