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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST

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To: Duffeck who wrote (41264)6/30/2003 9:55:35 AM
From: Greg h2o   of 42804
 
<<Seems to me that since productivity is the ratio of GDP per person employed the most direct way of increasing productivity is to lay off workers. Since presumably industry will keep the most productive workers and they will pick up some of the slack so the productivity ratio is bound to increase.>>

agreed, but that's only one component of increased productivity. technology has been a huge factor in the increase in productivity. the pendulum usually swings too far in each direction--adding too many layers of fat in good times and cutting into the muscle in lean times.... either way, employment #'s are a great lagging indicator....
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