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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (103935)	5/22/2001 11:30:11 AM
From: Les H	Read Replies (1) \| Respond to of 436258

old Confuscian saying - "the stud that sticks out gets hammered" nytimes.com

To: Les H who wrote (103935)	5/22/2001 11:35:18 AM
From: Haim R. Branisteanu	Respond to of 436258

Les and that is the key McCulley sets up this analogy: If you give the man who mows your grass a power mower instead of a pair of scissors he'll be more productive. The company that sold the mower will be more profitable. But if the landscaping company can't charge enough to pay the man pushing the mower and cover the depreciation on the lawn mower, he won't make money and will go out of business. "The productivity miracle of recent years was in part a mirage born of a bubble," McCulley says. The bubble was an unprecedented investment in technology that increased labor productivity and capital profitability at tech firms, without increasing total factor productivity.