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To: TheStockFairy who wrote (163619)5/3/2002 12:03:50 PM
From: lifeisgood  Read Replies (2) | Respond to of 436258
 
Is the economy improving if gdp expands 5% but layoffs are up 10%? I get bogged down in the numbers, please advise.

Ok, here's how it works. Productivity gains are at 200%. Thus, layoffs don't matter because the 50% of people who haven't yet lost their jobs are producing more than was produced when everyone was working.

The really good news is that if productivity keeps going up like this, everyone can retire.

best...

LIG