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NOYB
 
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Default Great Economic News: Recession is Over!

No, actually, *you* are wrong. Productivity is a measure of total man-hours
needed to produce a product. If someone can build 2 widgets per hour
(ie--1/2 man-hour per widget), you don't get increased productivity numbers
by working that guy 50 hours per week, rather than 40 hours. You increase
productivity by figuring out a way to get that guy to build 3 widgets per
hour (1/3 man-hour per widget). Didn't you ever take a business class?





"jps" wrote in message
...
"Jim" wrote in message
news:Yrb6b.368926$YN5.247563@sccrnsc01...

Exactly! Companies do not like to lay off workers. They want to make

sure that these
are not little farts in the economy they are seeing before they hire

more
workers....the last thing they want is to have to lay them off because

they misread the
indicators. That is why productivity is up.


WRONG! The reason productivity is up is because people are working longer
hours and taking fewer holidays in an attempt to keep their jobs and
livelyhoods.





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jps
 
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Default Great Economic News: Recession is Over!

"NOYB" wrote in message
m...
No, actually, *you* are wrong. Productivity is a measure of total

man-hours
needed to produce a product. If someone can build 2 widgets per hour
(ie--1/2 man-hour per widget), you don't get increased productivity

numbers
by working that guy 50 hours per week, rather than 40 hours. You increase
productivity by figuring out a way to get that guy to build 3 widgets per
hour (1/3 man-hour per widget). Didn't you ever take a business class?


And do you know for certain that your sources are measuring productivity in
this manner? Perhaps in academia but not in the commercial markets. Just
because it's how we were taught to think of defining productivity in school,
that doesn't mean it's the measure being used.

I've heard our increased productivity is indeed due to longer hours and
reduced time off.

I'd like to see your sources and what measures they're really using.


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NOYB
 
Posts: n/a
Default Great Economic News: Recession is Over!


"jps" wrote in message
...
"NOYB" wrote in message
m...
No, actually, *you* are wrong. Productivity is a measure of total

man-hours
needed to produce a product. If someone can build 2 widgets per hour
(ie--1/2 man-hour per widget), you don't get increased productivity

numbers
by working that guy 50 hours per week, rather than 40 hours. You

increase
productivity by figuring out a way to get that guy to build 3 widgets

per
hour (1/3 man-hour per widget). Didn't you ever take a business class?


And do you know for certain that your sources are measuring productivity

in
this manner?


My sources? My source is the BLS:
"The Bureau of Labor Statistics of the U.S. Department of Labor reported
preliminary productivity data--as measured by output per hour of all
persons"

ftp://ftp.bls.gov/pub/news.release/H....08072003.news

Perhaps in academia but not in the commercial markets. Just
because it's how we were taught to think of defining productivity in

school,
that doesn't mean it's the measure being used.


You really are being pretty obtuse. The statistics are from BLS...and there
own website tells you that they define productivity as "output per hour".


I've heard our increased productivity is indeed due to longer hours and
reduced time off.


Longer hours won't change "output per hour".


I'd like to see your sources and what measures they're really using.


Go to the www.bls.gov website!


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Mark Browne
 
Posts: n/a
Default Great Economic News: Recession is Over!


"NOYB" wrote in message
m...

"jps" wrote in message
...
"NOYB" wrote in message
m...
No, actually, *you* are wrong. Productivity is a measure of total

man-hours
needed to produce a product. If someone can build 2 widgets per hour
(ie--1/2 man-hour per widget), you don't get increased productivity

numbers
by working that guy 50 hours per week, rather than 40 hours. You

increase
productivity by figuring out a way to get that guy to build 3 widgets

per
hour (1/3 man-hour per widget). Didn't you ever take a business

class?

And do you know for certain that your sources are measuring productivity

in
this manner?


My sources? My source is the BLS:
"The Bureau of Labor Statistics of the U.S. Department of Labor reported
preliminary productivity data--as measured by output per hour of all
persons"

ftp://ftp.bls.gov/pub/news.release/H....08072003.news

Perhaps in academia but not in the commercial markets. Just
because it's how we were taught to think of defining productivity in

school,
that doesn't mean it's the measure being used.


You really are being pretty obtuse. The statistics are from BLS...and

there
own website tells you that they define productivity as "output per hour".


I've heard our increased productivity is indeed due to longer hours and
reduced time off.


Longer hours won't change "output per hour".


I'd like to see your sources and what measures they're really using.


Go to the www.bls.gov website!


The figures easily available to calculate these figures are number of
payroll hours and number (& dollar values) of units produced. What is *not*
easily visible is the amount of labor outsourced by buying parts with a
higher overseas labor content.

It is hard *not* to buy these sub-assemblies from an offshore source. We are
buying some of the finished sub-assemblies for less than we can buy the raw
materials for - before we add labor. At least my company redeployed the
workers instead of laying them off; many workers have not been so fortunate.
If you look at our company from the outside, we have the same number of
workers, but now we produce more finished goods. This makes domestic labor
look more productive - but it is not.

It would take a *lot* more digging to determine how much each individual
worker actually produced.

Mark Browne




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