"Junkanoo Crab Dancer" - Bahamas AI art
©A. Derek Catalano
"Junkanoo Crab Dancer" - Bahamas AI art
©A. Derek Catalano
©A. Derek Catalano
Labour productivity measures the amount of output produced per unit of labour input. It is typically expressed as the ratio of total output to the total number of hours worked or the number of employees. This metric is crucial because it indicates the efficiency with which labour resources are utilized to produce goods and services. High labour productivity means more output is produced per worker, which can lead to economic growth, higher wages, and improved living standards.