View Single Post
  #25   Report Post  
NOYB
 
Posts: n/a
Default Great Economic News: Recession is Over!

No, actually, *you* are wrong. Productivity is a measure of total man-hours
needed to produce a product. If someone can build 2 widgets per hour
(ie--1/2 man-hour per widget), you don't get increased productivity numbers
by working that guy 50 hours per week, rather than 40 hours. You increase
productivity by figuring out a way to get that guy to build 3 widgets per
hour (1/3 man-hour per widget). Didn't you ever take a business class?





"jps" wrote in message
...
"Jim" wrote in message
news:Yrb6b.368926$YN5.247563@sccrnsc01...

Exactly! Companies do not like to lay off workers. They want to make

sure that these
are not little farts in the economy they are seeing before they hire

more
workers....the last thing they want is to have to lay them off because

they misread the
indicators. That is why productivity is up.


WRONG! The reason productivity is up is because people are working longer
hours and taking fewer holidays in an attempt to keep their jobs and
livelyhoods.