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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (4002)6/5/2001 12:38:49 PM
From: MulhollandDrive  Read Replies (1) of 33421
 
"The productivity of U.S. workers logged its sharpest fall in eight years during the first three months of the year while signs of wage pressure emerged with the largest gain in labor costs in more than a decade, the government said on Tuesday."

John,

This may be somewhat mis-leading though. I was just reading yesterday that although wage pressure is rising, hours worked have declined substantially in the past 6 months, thus the productivity decline.

But since the demand side of the equation does not seem to be supporting the unsustainable levels of productivity of previous years, it would seem we're in for more consolidation, mergers, and downsizing.
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