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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (3953)	5/31/2001 10:11:38 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 33421

Well thank you, again. I went back and read the relevant posts I missed earlier. From your earlier post of the Roach article: Yet when that cycle started to fade, there was talk of the cushion of productivity resilience, as well. The numbers seemed to bear that out: Real GDP growth slowed from its peak-of-cycle growth rate of 8.5% (y-o-y) in 1Q66 to 3.5% two years later; yet productivity was still cruising at 3.4% in early 1968. In the end, of course, this resilience turned out to be short lived. America was on the brink of nearly two decades of its worst productivity performance in the modern era. It seems to me that the conundrum WRT productivity may be that the very nature of competition minimizes it value over the longer term as the productivity "tools" become more and more extant. As prices of goods go down, it would seem to me that productivity gains would have to continue to grow at an even greater pace to allow companies to realize its value. It brings into question the whole idea of the need for discontinuous innovation and at what cost..