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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: nsumir81 who wrote (63010)5/7/2002 2:40:14 PM
From: Zeev Hed  Read Replies (1) of 99280
 
I think you are mixing two issues, the hedonic pricing in the adjusted inflation and productivity, the latter is simply measured as total output divided by total labor input, and when people get fired, but the out put went up by 5.8%, you should expect that that ratio will go up by more than that 5.8%.

Zeev
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