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Politics : Ask Michael Burke
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To: Freedom Fighter who wrote (70895)11/22/1999 10:04:00 PM
From: Don Lloyd  Read Replies (2) of 132070
 
Wayne -

(...Second, whatever the true productivity level is, it eventually shows up in the growth of corporate profits and other income streams...)

I still disagree. -g-

There is no reason to assume that productivity improvements necessarily lead to increased profits. Company specific productivity improvements that are unavailable to its competitors usually increase profits, but rapid widespread technological change can easily destroy profitability as adaptation becomes necessary for survival, as opposed to generating excess profits.

Regards, Don
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