Yes, not only that, I guess the number which represents output is just dollars. If they are producing a bigger proportion of luxury goods and less of regular goods, their output could be decreasing at the same time the revenue increases.
Regarding jobs, they could be importing goods from labor-intensive production processes and then assembling the parts and selling at a higher price, so this is why we don’t see the number of jobs increasing at the same time output increases.
In summary there is a lot of information that is simply hidden because the only variable they are analyzing is money.
Yes, not only that, I guess the number which represents output is just dollars. If they are producing a bigger proportion of luxury goods and less of regular goods, their output could be decreasing at the same time the revenue increases.
Regarding jobs, they could be importing goods from labor-intensive production processes and then assembling the parts and selling at a higher price, so this is why we don’t see the number of jobs increasing at the same time output increases.
In summary there is a lot of information that is simply hidden because the only variable they are analyzing is money.
That’s true.
In Canada, a lot of the “value” produced is just Canadian selling the same houses to each others at inflated prices, at breakneck pace.
It’s housing hypertrading, it’s Kafkaesque…