Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Don Lloyd who wrote (20715)	7/3/2002 8:08:05 PM
From: AC Flyer	Read Replies (3) \| Respond to of 74559

>>High measured productivity growth.....potential economic collapse<< Oh brother, they've got you brainwashed too. High productivity = bad. Oh brother. >>workers sequentially finish their current production cycle functions<< Well, Don, you've obviously never been inside a manufacturing plant. Surprise me, tell me I'm wrong. >>2. Jobs are eliminated as they become surplus due to high levels of capital investment<< Yes, that is true and desirable. Significant productivity gains are also possible with negligible capital investment through the implementation of continuous flow production methods and other techniques - I'll write you a list if you're interested. >>3. Jobs are eliminated as financially weak competitors go out of business as competitive price reductions fail to adequately increase demand.<< This, I'm afraid, is pure nonsense. The jobs are eliminated but so is the output. Hence no impact on productivity, other than the marginal one that it is the weak (and implicitly less productive) that fall by the wayside. The reason we are seeing high productivity right now is because demand and output is increasing but workers are not being rehired. More stuff produced + same number of workers = high productivity. What this has to do with an economic collapse is beyond me, but the acolytes of the new depression religion seem capable of twisting any data set to fit their ideology.