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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (65007)	10/26/2003 1:16:52 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 77397

Of course. Any doofus can see that if we measure productivity by Economic Output/Labor Input that it doesn't change one iota if the labor happens elsewhere. However, if we measure productivity by Economic Output/Cost Input and if the cost of labor is lower overseas then there is a very real productivity increase. It's all in how you want to play the game and what you are trying to measure. There is a valid point of view which states that if it takes me fewer dollars to weave my textiles using method A versus method B then my productivity is higher using method A. Textiles, gadgets, ERP solutions... it's all the same.