No, you don't actually "understand the quatifiable stats". It's a measurement. It doesn't state what it's suppose to be. We can measure the height of a 5 year old child - that says nothing about what height a 5 year old child is suppose to be. Now, we can measure that same measurement (i.e. height) when the child is 6, then 7, then 8, then, 9, then 10, etc. years old. Again, that measurement (i.e. the child's height) is not telling us what it's suppose to be. It is showing us a change, (call it a trend). For a normal child from the age of 5 to 10 years old - we would assume that child's height to increase over that time period. Moreover, we can take that child's measurement, and compare not only through time, but to other children of the same age over the same time for the sole purpose of comparison. But, it does not tell us what the height should be. Measuring productivity is the same thing. We can see trends over time and we can compare with other economies. Ergo, using the output per unit of input ratio that is GDP per hour worked, we can see that over time, other countries/economies have increased their output per hour worked - and Canada has not kept pace, making us less productive vis a vis those other countries. Other countries for which we have to compete with for investment capital. So, measuring productivity isn't about achieving a number (using your words "achieve that measurement") - it's about trying to achieve improvement. Improvement isn't a single number - it's a trend, both over time and in comparison to other economies. And because it's also in comparison to other economies, it's relative - which also indicates that it's not simply about hitting a single number.
Yes, I do understand the quantifiable, measurable stat. But like any person who was educated in what stats mean rather than just rote repetition of their existence, I am challenging the stat on the basis that perhaps it is the wrong stat, or at least not providing the complete picture all by itself. Do you get that?
You are right "GDP per hour worked" is the basic stat. Break it down. Have they reduced or gained that stat based on technological/innovative multipliers, or just found a way to pound more work out of workers for the same pay, or falling pay ?
"One worker now doing the work of many" has been the productivity gain in many industries, just look at fishing, or lumber, where they literally produce more with less people thanks to machinery improvements. Human workers get the axe, the "worked hours" go down, even if the economic activity stays the same or increases. Technically, that is increased productivity.
GDP per hours worked is not going to mean a whole lot in the age of AI & automation, if you count human hours worked as the basis of the stat.
You could just as easily say "GDP produced per joules of mW/H of energy expended", because for a factory making microprocessors, or a computing array doing blockchain processing, the power costs will greatly exceed the human ones; you could look at Canada's economy and ask how much GDP we create per units of energy expended to create it. It's a weird productivity stat, but a valid one, considering how a nation's ability to supply its own energy (especially power grid energy) or import it might affect their economy as much as the wages of its workers.
That's not even beginning to dip a toe into whether "GDP" is itself even the right component to measure an economy's actual production.
Economists do not even consider that debate settled, so that's half the productivity measurement right there.
There's nothing wrong with skepticism over something like a complex issue being "explained" by a simple, very reductive, stat. I can pull a textbook off my shelf that explains all this and more, in technical terms, but
Productivity depends to a great extent on the investment put into the business in the form of equipment, etc. Our business leaders have decided they will make more money for themselves but making everyone else more productive. Chinese and other foreign productivity was created by Western investment.
Well, it has been exacerbated that "chase the dividend" mentality, definitely (look at Boeing - they chased it over a cliff). But it was also made worse by western countries' fetish for seeking overseas production and calling it "free trade", and - let's be honest - consumers here seeking the lowest prices. They will always choose more money for themselves "right now" over long-term objectives, and if the "west" has failed to keep their advantages compared to the "east", it is in that realm. As a society, we lack the leaders with iron discipline necessary to coordinate an economy with long term strategic thinking. Everything is a get rich quick scheme, and logic gets kicked to the curb when people have dollar signs in their eyes. For those with no power, they might have no choice but to prioritize the here-and-now choices based on personal survival, but what's appalling is how those with all the money and power and therefore an abundance of choice, are always choosing wrong, and betraying their own countries if given a chance to. I'm not just talking about that "borderless world" concept people are talking up at gatherings like Davos. I mean - at least in Canada - that we are a 1st world country with a 3rd world elite; the builders have all been replaced by whiny sellouts and grifters, only interested in perpetuating the grand scam and feeding their own egos.
There has always been this element in Canada, this cohort of people, who have tried to steer this country towards being nothing more than an obedient supplier of raw materials to foreign powers, who hate investing in Canadian production, technology, education, and even culture. The higher up you go in the Canadian business community, the more of these types you find. Their mentality is that we are meant to be the servants and never the masters, and their politics runs the same way. Then they act like we can just rub some genie lamp and productivity will magically appear, without them having to invest (or be taxed) a dime in order to build & support it.
Not that nations of "the east" are not up to their eyeballs in corruption now too. Once the lean times ended there thanks to more advanced development, the scammers got in there and now places like China have something of a zombie economy going (a bubble always ready to burst of money flowing from us to their industries did not keep it inflated). The scammers, embezzlers, and skimmers then have to send their money overseas to launder (billions every month), and what's their favourite way to do that? Real estate, specifically OUR real estate. (And that's the real reason why we have a housing crisis despite construction going at a breakneck pace for 3 straight decades, with developers almost always getting what they wanted. Canadian working stiffs have to compete with that.)
How does even that affect our productivity? Well when our workers are forced into ever longer commutes just to get from living space to workplace, because they're priced out of their own communities, pouring a greater portion of their wages into housing costs than is even possible. So that half hour commute becomes 2 hours, that workday basically becomes 3 hours longer, and they do not get paid any more for that part. The supply chains get longer and leaner, there's no locality in the supply and no resiliency when something gets disrupted, so prices for goods skyrocket too.
The only supply chain that never seems to break down, despite every effort made to kill it off, is hard drugs. In economic terms, it's like a cancer devouring everything else. (Only a golden age for the manufacturers of Naloxone and the providers of funeral services, really.) Absolute productivity destroyer, and massive wealth redistributor (upwards), from society at large into the hands of a few scumbags.