Great Economic News: Recession is Over!
			 
			 
			
		
		
		
			
			 
"NOYB"  wrote in message 
  m... 
 
 "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. 
 
My engineering group consists of salaried exempt employees who don't report 
actual hours worked.  As reductions in workforce occur the remaining members 
pick up the slack by working more hours.  These extra hours are not 
accounted for.  jps is correct for this rather common circumstance. 
 
-rick- 
 
 
 
 
 
		 
		
		
		
		
		
		
		
		
	
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