On Sun, 14 Dec 2008 14:03:17 -0500, Tom Francis - SWSports wrote:


http://www.bls.gov/lpc/prodybar.htm

Well, that's kind of the point. What data do you trust?

The Bureau of Labor Statistics.


Who should benefit from the obvious productivity increase - the company
or the workers?

Historically, when productivity increases, there may be a lag, but wages
also increase. What's changed?

The answer to that, is far more devastating to this country's long term
economic health, than the middle-class not getting their share.

What's the measure of productivity he's quoting? Per unit, per hour,
per what? I would think that if a company over 8 years increased it's
productivity by 20% (which is 2.5%/yr by the way) that's not a whole lot
considering inflation, raw material costs, etc. And if your company has
a high labor quotient to the cost of production, that's almost
negligible.

If you want to consider inflation, real wages have decreased.