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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (16649)	3/9/2002 12:43:07 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

Exactly... productivity will always be nominal ouput / worker. If the miracle drug brings in X billion with no new workers added, that company has just exploded it's productivity! You don't need the Governement saying X billion should really be X to the 10th for example [even if it should]... value is what people PAY for it, always has been, always will be. THAT is why the anti-govt stat nutcases are essentially correct, even though you can argue "how much" is bull, and how much is real [I've seen it argued the hedonic doesn't change things much], the point remains that it dosn't make sense in any case. What they're playing is an entirely different game, they should just have a little office in BLS somewhere chronicling how much better our lives are each year due to all the new technologies, gadgets, medicines, etc. That's great, and true no doubt but trying to put real life into numbers is futile IMO... hell even "John Nash" figured that out in the end. :)) DAK