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To: smolejv@gmx.net who wrote (10959)	11/2/2001 2:13:03 PM
From: Moominoid	Respond to of 74559

The bottleneck is the workforce. Give a checkout person at Home Depot a zingy XYZ Pentium/Titanium whatever and he/she still will have to know the numbers. That will be reflected in the TFP calculation - that's the labor input, but using more capital. A lot of capital is deployed ineffectively. That will be picked up in the reduced productivity figures for those sectors using IT. throw in a saturation curve instead of a simple factor. Sure whatever, is needed to measure the capital stock accurately.