Great Economic News: Recession is Over!
On Sun, 7 Sep 2003 09:25:28 -0700, "jps" wrote:
"JohnH" wrote in message
.. .
And I used to think lead was dense. Jipsy, in your example, will the
output per
hour change? No? Then the productivity did not increase. The production
increased.
If you're measuring the output of one worker who is paid for 40 hours but
puts in 60, you don't reduce his hourly pay, you increase his productivity
per 40 hours of pay.
You'd think a math teacher would have a little better grasp.
No spin my ass.
Hey Jips, go back and read that post. If you can make heads or tails of what it
says, please translate it for me.
Productivity is a rate, usually represented as a fraction, e.g. 37 widgets/one
hour. Productivity is not measured by reductions or increases in hourly pay.
John
On the 'Poco Loco' out of Deale, MD
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