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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: LLCF who wrote (20047)6/20/2002 12:42:30 AM
From: mishedlo   of 74559
 
<6) The sharp recession in manufacturing has been the cause of a steep jump in productivity as manufacturers continue to find ways to do more with less (people).>


As productivity goes up, employment goes down.
This can get real ugly.
FWIW productivity usually goes up in a recession as more and more people (who have no cash to spend) are laid off.

M
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