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To: Chuzzlewit who wrote (36431)	4/3/1998 7:32:00 AM
From: Lee	Read Replies (2) \| Respond to of 176387

Morning Paul,..Re:<<Rationally exuberant>> Mr.G seems to subscribe to, or at least consider, the theory of productivity improvements resulting from improved and increasing use of technology. Stephen Roach, Morgan Stanley economist, has written a fairly long report on this subject and takes a different and interesting view. That report is found at the URL listed below. ms.com - "The Boom for Whom" Some of his points are valid in that labor productivity can definitely be enhanced with technology, (e.g. using robots on assembly lines); but, productivity at the upper levels may not be so easily boosted except by facilitating longer hours spent with tech tools. If longer hours are spent, then output/unit time is not actually increasing. Regards, Lee