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To: Ken98 who wrote (30505)	10/23/2000 3:39:34 PM
From: Oblomov	Read Replies (3) \| Respond to of 436258

I don't get it... supposedly technology causes productivity gains among the professional class (which is largely exempt from overtime provisions of the FLSA, and thus, salaried), and yet In order to calculate hours for salaried employees, the government uses a ratio dating back nearly three decades that figures the increase in hours worked for supervisors based on the gain in hours for hourly workers. (Edit: The opposite of hourly workers is supervisors?) The economists they interview point out, however, that Bureau of Labour Statistics officials say they are studying how the hours are calculated. But, some economists note, since supervisors make up such a small percentage of the overall work force, the effect of this measurement error may be minor. Here is the source of the error in their logic. They are equating salaried workers with supervisors. Salaried workers do not make up a small % of the overall workforce. It seems that any issue that might reduce productivity can be overlooked.

To: Ken98 who wrote (30505)	10/23/2000 4:12:17 PM
From: LLCF	Respond to of 436258

<Also, analysts said, output costs fall as technology spreads, erroneously deflating productivity measures. Take computers, for example: The cost of producing them has fallen from 10 years ago, but the improvement in the quality of the computers produced is not being factored into the equation. "You have that huge quality change that's probably not getting picked up," Paul Bauer, economic adviser at the Federal Reserve Bank of Cleveland, said.> Where do they get this??? I thought that was the basis of hedonic pricing... computers? DAK