[expat_panama]

Dang Ray, you're fast!

Here I was all set to organize some kind of office pool over why and how this latest news was to be proven "bad", and you had to go ahead and spoil everything by giving out the answer before the rest of us had a chance to guess.

My personal guess was going to be "productivity will cause lay-offs", but I got to admit that your "capitalists not sharing the profits" routine is a lot more creative.

Next time maybe...

[Toddsterpatriot]

It takes a special kind of ignorance to turn this "productivity, the amount of output per hour of work, jumped to an annual growth rate of 2.6 percent in the April-June quarter" and this "Wage pressures, as measured by unit labor costs, slowed to an annual growth rate of 1.4 percent" into bad news. Don't tell him, but if the greedy capitalists were keeping all the money, unit labor costs would have fallen by 2.6 percent.

For the doom and gloom crowd, math is hard.

[raybbr]

My personal guess was going to be "productivity will cause lay-offs", but I got to admit that your "capitalists not sharing the profits" routine is a lot more creative.

LOL.

Only a super-capitalist would rejoice over higher productivity coupled with lower wages.

The guys at the top get higher bonuses while their "people" work harder to produce at lower wages.

A super-capitalist's dream.

Hey. I bet all they talk about around the water cooler is the good old days of Pullman, Illinois and spend hours lamenting its demise.