What this quote means

Paul Krugman highlights the central role of productivity in long-term economic prosperity. Although it is not the only measure of well-being, it determines a society's ability to improve its standard of living. This quote invites us to reflect on the importance of efficiency and innovation, while reminding us that other factors, like equity, also matter.

How to apply it daily

At work, identify a repetitive task and look for a method or tool to accomplish it more efficiently, freeing up time for higher-value activities.