Productivity is the ratio of outputs to inputs. In an efficient competitive market, profit tends to zero. That would make capitalism a minimizer of productivity, as long as productivity is greater than 1 (otherwise the enterprise is not profitable).<p>Labour productivity, by economic definition, is the ratio of output to people. If most of the wealth generation in an organization is automated, labour productivity will be high, whereas if most of it is manual, labour productivity will be low, even when both organizations are producing the same amount of wealth.