Great Economic News: Recession is Over!
			 
			 
			
		
		
		
			
			 
"jps"  wrote in message 
... 
 "JohnH"  wrote in message 
 ... 
 
  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. 
 
 What about database entry?  Is that a widget too?  Is productivity based 
 only upon manufacturing? 
 
Productivity is measured as Gross Domestic Product adjusted for inflation 
divided by the total number of hours worked. 
 
If an hourly worker is working more than 40 hours in a week, then those 
additional hours are being reported...and they would *decrease* productivity 
if GDP stayed the same.  However, productivity is *increasing*...so your 
theory is flat-out wrong. 
 
 
		 
		
		
		
		
		
		
		
		
	
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