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To: Toddsterpatriot
You keep skipping over this:

Those numbers are not based on 'productivity' but understating the value added of imported components...which displaced our own productive capabilities...which were destroyed by that substitution. The BLS and Feds mistakenly called this process "productivity increase". From a capital-use standpoint it would appear so. From an actual labor-productivity standpoint...looking at all labor inputs required...it actually has been a drastic decrease in labor productivity. All subsidized by the wages that China deliberately keeps at the Global price floor.

419 posted on 03/13/2006 6:28:29 AM PST by Paul Ross (Hitting bullets with bullets successfully for 35 years!)
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To: Paul Ross

Did you have a source for this? Or did you just make it up yourself?


421 posted on 03/13/2006 6:34:51 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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