To: 1rudeboy
>>So what, exactly? You favor that more people make less? Less people work more? Productivity is real GDP divided by hours worked.<<
Claiming that American Manufacturers are shedding jobs due to productivity is a canard. American Manufacturers are shedding jobs to low wage countries and the resultant profits show up as productivity. It's not the same thing. In the example I cited, 110 workers are producing the same thing that 30 had done previously. In aggregate it's negative productivity. It's an issue of causality.
Get it yet? Anyone that claims "Companies aren't hiring because of productivity gains, not due to outsourcing/offshoring" has got it backwards.
28 posted on
01/09/2004 9:30:21 AM PST by
Malsua
To: Malsua
Get it yet? I got it, we can produce more cars with fewer american workers - thus increasing productivity numbers, esp when the engine is made in mexico, the steel in japan, the seat and upolstery in china, etc.
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