UN: U.S. workers world's most productive

A UN report released Monday indicated the United States "leads the world in labor productivity," as Americans work longer hours than their counterparts in Europe and most other rich nations.

UN: U.S. workers world's most productive
A UN report released Monday indicated the United States "leads the world in labor productivity," as Americans work longer hours than their counterparts in Europe and most other rich nations.

They also get more done per hour than the counterparts except the Norwegians.

The average U.S. worker produces 63,885 U.S. dollars of wealth per year, the International Labor Organization said in its report.

The U.S. employees put in an average 1,804 hours of work in 2006, the report said, as compared with 1,407.1 hours for the Norwegian and 1,564.4 for the French.

The seven economies in Asia — South Korea, Bangladesh, Sri Lanka, Hong Kong, China, Malaysia and Thailand — surpassed 2,200 average hours per worker, but registering lower productivity rates.

The productivity figure is found by dividing the economy's gross domestic product by the number of people employed.

The U.S., according to the report, also surpass all 27 nations in the European Union, Japan and Switzerland in the amount of wealth created per hour of work — a second key measure of productivity.

Norway, which is not an EU member, generates the most output per working hour, 37.99 dollars. The U.S. is second at 35.63 dollars, about a half dollar ahead of third-place France.

America's increased productivity "has to do with the ICT (information and communication technologies) revolution, with the way the U.S. organizes companies, with the high level of competition in the country, with the extension of trade and investment abroad," the Associated Press quoted Jose Manuel Salazar, the ILO's head of employment as saying.

In sub-Saharan Africa, workers are only about one-twelfth as productive as those in developed countries, the report said.


Productivity in China and other East Asian countries has doubled in the past decade and is accelerating faster than anywhere else, but workers in East Asia are still only about one-fifth as productive as laborers in industrialized countries, the report said.


Agencies

Last Mod: 03 Eylül 2007, 17:52
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