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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 2:59:19 PM
From: Hawkmoon  Read Replies (1) of 33421
 
Yep... Productivity will continue to get hit until either of two situations occur... manufacturers cave in to the reality that economic growth will remain stagnant and thus require more lay-offs (thus, bringing down the number of worker hours being divided into productive output), or....

.... economic growth and manufacturing orders increase markedly, thus permitting those currently underutilized workers to produce goods at a rate commensurate with their abilities.

Personally, I believe that productivity has declined because corporations are loath to fire trained workers, despite the fact that manufacturing orders are showing little or no growth (and many cases, a significant decline).

Hawk
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