Productivity metrics are critiqued for their influence in economic and policy decision-making.
Gross Value Added (GVA) serves as a core component in productivity calculations but may not accurately represent value creation.
In service-based economies, traditional productivity measures fail to capture the true worth of labor as outputs can be distorted by pricing strategies.
The discrepancy in how productivity is assessed raises concerns about the validity of using these metrics to evaluate sectors like finance, potentially overlooking the genuine contributions of essential workers.