Tuesday, October 20, 2015

Adam Hano, Chapter 6, Question 1

In Chapter 6 Charles Wheelan explains how does productivity affect your Human Capital and what is it’s outcome to wealth of our Society. The Numbers were stunning. Each year we are 2% wealthier. I have never realized that this wealth is because of our increase in productivity. He also argued that there is no fix amount of job do be done, but that we still create new professions. He gave an example of farm town and explained how it grows.

As a Slovakian I am really ashamed of my country now. Charles explains how Americans are productive. I do agree with it. The productivity factor is deep in your culture and mentality. Slovaks are lazy. We can see that in the services we offer. Slovaks don’t value the customer rather than their own well-being at that moment. It is on daily biases that you argue with either a lady behind the counter on train station, waitress in restaurant or teachers in school. I hope It won’t take us long to realize how important productivity is to the growth of our small nation. 

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