Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Slagle who wrote (68145)	8/27/2005 10:13:47 AM
From: Moominoid	Read Replies (1) of 74559

There have been huge increases in efficiency in lots of areas, particularly in manufacturing industry of course. A lot of the gain happens early on after a new process is introduced and after that the learning curve is much flatter. That is the nature of learning curves. The ongoing productivity increase in manufacturing drives a lot of the political-economy stuff we see and people blame on other stuff. Everything from medicare problems to off-shoring/outsouring has its roots I believe in the productivity boom in that sector (and agriculture).

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