Great Economic News: Recession is Over!
			 
			 
			
		
		
		
			
			 
"-rick-"  wrote in message 
... 
 
 "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. 
 
The key word is "salaried"... 
 
 
 
		 
		
		
		
		
		
		
		
		
	
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