[visualops]

Worker productivity is up because many of us are doing our job plus the job of the person that got laid off.

[muawiyah]

That's how it's done. FIrst you have two employees. Then you invest in labor saving equipment. Now you have one employee So you invest in automation.

At that point it's just between you and your creditors.

[Truth is a Weapon]

Yep. If you have 10 employees, fire one and still do the same amount of business you will have around a 10% gain in productivity (the around is because I don’t know how the arithmetic works).

Productivity increases like this are good for the economy only if that fired worker goes out and gets another job right away. It is only good for that worker, if he finds a better job.

[earlJam]

Worker productivity is up because many of us are doing our job plus the job of the person that got laid off.

Exactly.

Eight people now doing the work of ten.

[Titus Quinctius Cincinnatus]

Worker productivity is up because many of us are doing our job plus the job of the person that got laid off.

Exactly. Rise in worker productivity is not necessarily a sign of economic "green shoots."

[GoodDay]

Worker productivity is up because many of us are doing our job plus the job of the person that got laid off.

That would simply mean you were under-utilized and not working up to your full productivity to begin with. It would mean that the original decision to hire that second employee was an incorrect one; the firm being led to malinvest in more labor than it really needed because of inflation and artifically low interest rates.

[jveritas]

Exactly.