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Strategies & Market Trends : The Millennium Crash
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To: pater tenebrarum who wrote (5160)6/6/2000 6:55:00 PM
From: Skeeter Bug  Read Replies (1) of 5676
 
hb, i think people confuse micro productivity with macro productivity. gdp and gdp growth are macro numbers. if "da boss" buys a computer and displaces 3 workers w/o increasing his revenues then he increased micro productivity and it shows on his bottom line.

macro productivity, however, didn't budge. from the macro view, peter was robbed to pay paul. if gdp was measured by "da boss'" revs then gdp would not have grown and macro productivity w/b flat. micro and macro productivity gains are DIFFERENT.

i think that folks who don't think this through focus on intuitive productivity increase - which are micro. they then make the mistake of manipulating macro numbers to match their micro paradigm.
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