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To: marc ultra who wrote (3233)	2/7/1999 8:30:00 PM
From: Boca_PETE	Read Replies (1) \| Respond to of 15132

marc u: re:< The need to pay higher wages combined with no pricing power equals decreased profits > To add to your excellent point, lower compensation expenses will result from lower profits for companies whose employees are partly compensated based on company profitability. Seems like this is a period of pressure on companies to increase productivity through use of technology because adding technology may be less costly than adding more employees. Imho, this situation bodes well for the future U.S. economic situation because our companies will be even more competitive in the global economy on a go-forward basis. P

To: marc ultra who wrote (3233)	2/8/1999 10:16:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Re: More on productivity; report due out Tues.; Greenshades testifies on Thurs. - usatoday.com

To: marc ultra who wrote (3233)	2/9/1999 10:41:00 AM
From: Wally Mastroly	Respond to of 15132

Re: Productivity - the beat goes on... usatoday.com "..In the fourth quarter, productivity surged at a 3.7% annual rate, the best ince the first three months of 1996. Economists consider healthy productivity gains the key to prosperity and rising living standards. Sizable gains mean companies can pay employees more, hold the line on prices and still deliver increased profits to shareholders... ..At the same time, growth in unit labor costs, a key barometer of underlying inflation pressures, slowed..."