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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Knighty Tin who wrote (254550)	8/7/2003 10:22:00 AM
From: UnBelievable	Read Replies (3) of 436258

The Relationship Between Productivity And Growth Is Just Another Example Of The Stuff They Teach You In School Being Wrong It says here on TV to buy stock because productivity is up. When I was in school that taught that during the initial stages of economic growth that productivity went down since business was expanding capacity which decreases productivity. And in an economic contraction productivity increases because business isn't spending anything on expansion or for that matter maintenance, and just pushing everything to get as much as they can out of whatever is there. That was fairly consistent with my personal experience. The most productive companies I have worked with were dying ones. (Ok almost all the companies I worked with were dying but that is another story <gg>) But what they say on TV, and later on I'm going out to buy some fish and I'll get to see what they say in the WSJ, but I bet its the same thing, is two thumbs up, productivity is way up so go buy stock. I mean millions and millions of flies can't be wrong.

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