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To: Don Lloyd who wrote (88481)	4/1/2001 10:55:56 PM
From: GraceZ	Respond to of 436258

Most productivity gains are competed away, and, far from being a source of increased profits, are often a requirement for survival. Absolutely. What happens is that the first company to increase production through technology gains an advantage, but as that particular productivity enhancing technology becomes available to their competitors it becomes a requirement just to stay even. ie: Walmart and their computerized inventory controls, it was an advantage for them only until everyone else got it and now it's the base price of admission into retail.

To: Don Lloyd who wrote (88481)	4/2/2001 11:34:08 AM
From: Skeeter Bug	Respond to of 436258

>>Most productivity gains are competed away, and, far from being a source of increased profits, are often a requirement for survival.<< don, i'd argue that this situation is unproductive and measured quite well in gdp. making things is like dribbling. you can be the most productive dribbler in the world and never win a basketball game so nobody cares. the rubber hits the road when you are the most productive scorer / defender. then you win games and everybody cares and throws accolades your way. america is not about making things, it is about making money. period. having said that, making things is one way to make money. making more things than market demand can support is unproductive. just ask micron tech. the dram industry is so productive that many of them will go out of business. that is unit productive, but economically unproductive. gdp was an economic number and is still advertised as such. it no longer is, though.