The Park Place Economist


Adam Houser '05


The way to measure individual productivity in any working environment is to track individual performance in a working atmosphere. Individuals who work on a commission-based salary have more incentive to work harder, thus more efficiently. The best industry which monitors productivity is clearly the game of baseball, due to its uncanny ability to measure productivity through the countless statistics that are available. Using these statistics, owners can use information to determine what each player should be paid for his services. With the advent of free agency in 1974, statistics became vital information in determining individual salary, with the free agent market clearly setting what each player should be paid for his given statistics.