The articles are often big and contain lots of specific things that might not be directly relevant to your point of using it in the post.
There was a summary of it on the linked page itself:
Unfortunately, most employees remain disengaged at work. In fact, low engagement alone costs the global economy $7.8 trillion.
Even having opened the study, I’m still left with confusions about the methodology
From the study
Methodology
The primary data in this report come from the Gallup World Poll, through which Gallup has conducted surveys of the world’s adult population, using randomly selected samples, since 2005. The survey is administered annually face to face or by telephone, covering more than 160 countries and areas since its inception. In addition to the World Poll data, Gallup collected extensive random samples of working populations in the United States and Germany; these samples were also added to the dataset.
The target population of the World Poll is the entire civilian, noninstitutionalized, aged-15- and-older population. Gallup’s data in this report reflect the responses of adults, aged-15- and-older, who were employed for any number of hours by an employer.
With some exceptions, all samples are probability-based and nationally representative. Gallup uses data weighting to minimize bias in survey-based estimates; ensure samples are nationally representative for each country; and correct for unequal selection probability, nonresponse and double coverage of landline and mobile phone users when using both mobile phone and landline frames. Gallup also weights its final samples to match the national demographics of each selected country.
Regional findings in this report include data obtained from 2021 to as late as March 2022 (reported as part of 2021 data in this report). To determine percentage point changes for regions, Gallup uses data from 2020 and 2021 from the same countries in each region.
Country-specific findings in “Appendix 1: Country Comparisons” are based on data aggregated from three years of polling (2019, 2020 and 2021 — with several countries’ 2021 data obtained in early 2022). Percentage point changes for countries indicate the differences in percentage points when comparing the average from 2018, 2019 and 2020 with the average from 2019, 2020 and 2021.
Gallup typically surveys 1,000 individuals in each country or area, using a standard set of core questions that has been translated into the major languages of the respective country. In some countries, Gallup collects oversamples in major cities or areas of special interest. Additionally, in some large countries, such as China and Russia, sample sizes include at least 2,000 adults. In a small number of countries, the sample size is less than 1,000. In this report, Gallup does not provide country-level data (aggregate of 2019, 2020 and 2021 data) or country-level percentage point change data (aggregate of 2018, 2019 and 2020 data) for any country that has an aggregate n size of less than 300.
For results based on the total sample of adults globally, the margin of sampling error ranged from ±0.5 percentage points to ±0.7 percentage points at the 95% confidence level. For results based on the total sample of adults in each region, the margin of sampling error ranged from ±0.6 percentage points to ±5.0 percentage points at the 95% confidence level. For results based on the total sample of adults in each country, the margin of sampling error ranged from ±0.5 percentage points to ±8.5 percentage points at the 95% confidence level. All reported margins of sampling error include computed design effects for weighting.
I’m not sure I understand the economics of this. If co-ops have an inherent massive growth advantage, wouldn’t that outweigh the advantage capitalist firms have in giving more dividends to investors? Because while in the short term the capitalist firms would maybe give more to their investors, in the long term the co-ops would grow bigger and therefore have more money to give, even if they allocate a smaller fraction of it?
I never claimed a massive growth advantage:
There seems to be a small increase in companywide productivity[33]
As I said, the meta-analysis’s only show a small growth advantage. If e.g a socialist firm grows with $1000 and a capitalist firm with $900, but the capitalist firm gives the $900 to the investors and the socialist firm gives $500 to both the investors and the employees, the investors can make more money with capitalist firms.
Oh I think one confusing factor was the footnote placement.
But anyway, no, this link doesn’t link directly to the study either, it links to a report that links to the study. I had to go through additional links to find this document which appears to be the original source with the actual analysis.
From the study
The wall of text doesn’t really answer my questions about the independence of employee engagement.
I never claimed a massive growth advantage:
Ah sorry, that’s my mixup between the effects of employee engagement vs effects of co-opts.
But anyway, no, this link doesn’t link directly to the study either, it links to a report that links to the study
You can immediately see a button that says “download report” when you click on that link. I wouldn’t call that “digging for sources”.
The wall of text doesn’t really answer my questions about the independence of employee engagement.
Furthermore they suggest that managers have a huge effect on employee engagement, which seems to point to a potential area where this assumption could fail.
It’s not independent, co-ops let you vote on managers which allows productivity to increase.
EDIT: I have apologized to (and thanked) tailcalled via messages, and have added the document as the third source. Once again, thanks for the suggestion.
You can immediately see a button that says “download report” when you click on that link. I wouldn’t call that “digging for sources”.
I have downloaded the report. When I searched for keywords from the sentence “This is not only terrible for the workers but also for the economy, since businesses with engaged workers have 23% higher profit, while employees who are not engaged cost the world $7.8 trillion in lost productivity, equal to 11% of global GDP.” in the report, the main section that appeared was this:
Clearly, the COVID-19 pandemic era put a halt to a long period of gradual but general improvement among the world’s workers. This matters for global economic dynamism. Gallup estimates that low engagement costs the global economy US$7.8 trillion and accounts for 11% of GDP globally. Gallup’s analysis of 112,312 business units in 96 countries found a strong link between engagement and performance outcomes, such as retention, productivity, safety and profitability
The other potentially relevant section that appeared was this:
Business units with engaged workers have 23% higher profit compared with business units with miserable workers.
Neither of these sections give any idea of how Gallup came to the conclusion, but the link in the first section contains a link to a different document that probably forms the foundation/primary source for their analysis.
It’s not independent
I mean if the independence of employee engagement doesn’t hold, then the causal inference doesn’t go through, and you can’t infer that engagement has this much effect on productivity...
co-ops let you vote on managers which allows productivity to increase.
… however this sounds like a different form of independence than the one I brought up.
It was the second source in the post: [2]
There was a summary of it on the linked page itself:
From the study
I never claimed a massive growth advantage:
As I said, the meta-analysis’s only show a small growth advantage. If e.g a socialist firm grows with $1000 and a capitalist firm with $900, but the capitalist firm gives the $900 to the investors and the socialist firm gives $500 to both the investors and the employees, the investors can make more money with capitalist firms.
Oh I think one confusing factor was the footnote placement.
But anyway, no, this link doesn’t link directly to the study either, it links to a report that links to the study. I had to go through additional links to find this document which appears to be the original source with the actual analysis.
The wall of text doesn’t really answer my questions about the independence of employee engagement.
Ah sorry, that’s my mixup between the effects of employee engagement vs effects of co-opts.
You can immediately see a button that says “download report” when you click on that link. I wouldn’t call that “digging for sources”.
It’s not independent, co-ops let you vote on managers which allows productivity to increase.
EDIT: I have apologized to (and thanked) tailcalled via messages, and have added the document as the third source. Once again, thanks for the suggestion.
I have downloaded the report. When I searched for keywords from the sentence “This is not only terrible for the workers but also for the economy, since businesses with engaged workers have 23% higher profit, while employees who are not engaged cost the world $7.8 trillion in lost productivity, equal to 11% of global GDP.” in the report, the main section that appeared was this:
The other potentially relevant section that appeared was this:
Neither of these sections give any idea of how Gallup came to the conclusion, but the link in the first section contains a link to a different document that probably forms the foundation/primary source for their analysis.
I mean if the independence of employee engagement doesn’t hold, then the causal inference doesn’t go through, and you can’t infer that engagement has this much effect on productivity...
… however this sounds like a different form of independence than the one I brought up.