Abnormal Working Hours Can Raise Or Reduce: Productivity

By Johnny C.H. Lok

Middison A.(2001) indicated that "the unemployment rate is a performance indicator of the economy." The purpose of economic activity is to transform productive resources into products and services. An economy that uses all or most of its labor force should clearly be considered as a better performing economy than one that lacks the ability to put all or most of its labor force into work and thus some labor productive respurces can not be used. In fact, in economy theory, labor demand is considered to be a derived demand, meaning that its demand is explained not by itself, but by the existence of demand for products and services that use labor as a factor production. If labor demand is a desired demand, then an assessment of the performance of the economy could certainly profit from an evaluation of how well a specific social system managers to transform labor input into products and services. It is convenient to distinguish between economic performance of an economic system and labor market performance. The former related with the ability of a social system to deliver products and services and the latter related with the important, but more specific issue, of how well the labor market managers to match supply and demand. Economic and Trade Information on HK (2012) key indicators of the labor market had finished sample simple average of 15 countries statistic analysis to show "the result was as for the role of work hours in explaining GDP per capital had negative relation between GDP and working hours, as if long working hours where used to compensate the low productivity. The historical downward trend of working time form the slightly less than 3000 annual hours per person employed of the 1870 year to the less than 1600 year of the late 1990 year could be taken as a confirmation of this hypothesis." Thus, this hypothesis could be supported by viewpoint. It was about HK long time working hours ought not increase HK GDP and long working hours where used to compensate the low productivity to HK employers in the long time.

• Format: Paperback
• Language: English
• ISBN: 1794161848
• ISBN13: 9781794161849
• Release Date: January 1
• Publisher: Independently Published
• Length: 88 Pages
• Weight: 0.42 lbs.
• Dimensions: 0.2" x 8.0" x 10.0"