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To: yard_man who wrote (165181)	5/11/2002 11:18:31 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

tippet what I learned recently is that EZ is calculating the same way productivity as their US counterparts. .......... an interesting detail , ............. which if added to the statistics show that the US worker is more productive than his EZ counterpart. The acceleration started around 1996 and it seems coincides with the rise of the USD. In a anecdotal way it makes sense as PC and Internet use leads in the US by around 2 to 3 years. It also seems that the gap is widening which also makes some sense as the Labor Unions in EZ are much stronger than in the US an social benefits much higher and commensurate to compensation. Part of those social benefits is a comprehensive health care program ...... including treatments at Spa's overseas much more costly than the healthcare programs in the US and a burden on EZ companies profitability. As such EZ productivity growht is slower than the US by meningfull amounts (keep in mind that both parties cheat the same way ........ posting much higher productivity gain than are in reality) If my assumptions are true then we may have hit the upper range of the EUR. BWDIK