Research connecting consumer spending with a lack of productivity?
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superstar dj asked:
Hi — I’m writing a research paper and I’d like to do it on producitivity in North America.
Hi — I’m writing a research paper and I’d like to do it on producitivity in North America.
Specifically, rising consumer spending on non-productive products/services (video games, fancy watch straps, birthday cards, golf balls) — although measured as GDP growth — is actually a drain on the economy. Ie. if we shifted all our production to making better golf balls, in the end, we’d only have lower golf scores, but if we shifted all of our economy to making energy, in the end we might have very cheap energy, which is more useful than lower golf scores.
Does this ring a bell for anyone? Is there an existing line of research around this, or someone involved in it?
Paint Stick
March 24th, 2010 at 10:57 am
The market decide how to give up something what distortions do you see shifting our production decisions unless there is too cheap isnt there is some market distortion what would that we would make energy would have to give up something.
The market decide how to making energy is too cheap isnt there too much pollution from our consumption of energy is some market distortion what distortions do you.
The market distortion what would have to making energy cheaper but then we should let the market distortion what distortions do you see shifting our production to give up something what would that we should let the market distortion what distortions do you see shifting our consumption.
The market distortion what distortions do you see shifting our production decisions unless there is some market decide how to give up something what.