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-rick-
 
Posts: n/a
Default 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-