Productivity is one of the fundamental forces behind economic growth and competitiveness. Productivity is the efficiency with which a country produces goods and services (output). It is generally determined by the quantities of inputs (labor, capital, energy, or other resources) needed to produce those goods and services. In terms of technical terms, it is a ratio of output to input, where man, machine, material, and method represent the inputs. In contrast, the outcome is characterized by quality, quantity, value, and sales. A larger output volume indicates a higher productivity-to-input volume ratio.
One of the main problems Pakistan’s economies has had for a long time is low productivity. Unfortunately, Pakistan is falling behind rival countries since it failed to plan for this crucial factor that directly affects growth and its quality, sustainability, and living standards.
The inauspicious result may also have been influenced by the unequal distribution of resources, the parasitic elements’ appropriation of state power, the culture of patronage and greed, the idea that there are shortcuts to success rather than perseverance and unceasing effort, and the opposition to scientific methodology.
Since a significant portion of the population lives in unsanitary conditions with little prospects for employment, it is well known that there is substantial waste in farms, factories, and gas stations.
The causes of the labor force’s low productivity are numerous and might involve a complex interplay of institutional, structural, and social issues. When attempting to explain the disparate results in labor force productivity between nations, educational attainment is the most prominent element that comes to mind, but it is not the only one. The size of the informal economy, the distribution of highly-skilled and low- and unskilled workers in the labor force, the physical infrastructure’s condition, the structure of the economy, the type of economic activities carried out (in terms of value-addition and “sophistication”), the state of the economy’s physical infrastructure. The workforce’s general health and nutritional status are all significant factors that can also affect overall productivity levels.
Given the various causes of poor labor productivity, a sustained effort in several directions over an extended period is required to address this issue. Increased productivity from technological advancements and machinery enables workers to produce more things of higher quality in a shorter time.
Like the above, young children’s creativity will benefit from access to high-quality early education that combines theoretical scientific knowledge with practical learning, increasing their future productivity.
By using democratic methods and an evolutionary process that provides fair rewards for all stakeholders and creates a new Pakistan, we must bring about a productivity revolution. The most productive alternative for increasing productivity is a market economy. To increase productivity, investment in human capital is also necessary right away. Better health conditions increase workers’ physical stamina, lower absenteeism, enhance focus while working, and let them make the most of machinery.
Expanding ideas and enhancing creativity is also achieved by reforming institutions, improving environmental conditions, and fostering sports, entertainment, art, and thought culture. In the end, this enhances productivity as well.