This article was quite interesting regarding this topic. I am doing research understanding the economic benefits of Socialism. Belgium is considered one of the most productive countries however this is what an American research institute had to say…
-Although Belgium has a high productivity score, it might not be all good news. Firstly, the results could be influenced by the fact that only 34.5% of its employable population aged 55 to 65 are actually working and in turn this group may be less productive in hard labor.
Secondly, Belgian salaries are on average 11% higher than those of neighboring countries (the Netherlands, Germany and France). Some economists believe that Belgium’s high productivity level per hour isn’t beneficial for companies with a large workforce, given the higher labor costs. This will place Belgium at a disadvantage as it makes it a less attractive place to do business. It will in turn encourage more automation where possible, which will reduce its employment level. According to Philippe LeDent, an economist at ING, it would be more beneficial to occupy a lower rank, with a lower productivity level, and consequently attain higher employment.-
I am sure socialism holds many benefits however rewarding everyone on the the same level no matter the delivery or outpuy per individual does have it’s drawbacks.