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To: Victor Lazlo who wrote (104839)	6/10/2000 7:26:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 164684

victor, gdp is just the gross level of revenues. if unemployment is near an all time low and revenues per employee are growing mightily then gdp w/b growing mightily. it isn't. it is growing about 2.5% - nearly the same as 1970 and 1980. yes, revenues/employee multiplied by employees is growing at 2.5% as an aggregate. the name for such folks that believe aggregate productivity s/b measured according to rev/employee growth in niche industries is "shill." -ng- those folks will NEVER tell you about the hedonic inflator pricing and how it distorts gdp growth to the upside by 100%. it isn't in a shill's self interest to do so. however, i do agree that opportunity, innovation and commercialization possibilities in this country are the greatest.