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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (108546)	3/9/1999 11:30:00 AM
From: Boplicity	Read Replies (2) \| Respond to of 176387

Productivity Strongest in Six Years By DAVE SKIDMORE .c The Associated Press WASHINGTON (March 9) - The productivity of American workers surged at a 4.6 percent annual rate during the final three months of last year, the best showing in six years. The revised seasonally adjusted increase in output per hour of work at nonfarm businesses, reported today by the Labor Department, was even better than the initial estimate last month of 3.7 percent. It was the best gain since the final quarter of 1992. For all of 1998, productivity increased a healthy 2.2 percent, a significant improvement over the 1.2 percent gain in 1997. Productivity, after growing at nearly a 3 percent rate in the 1960s and early 1970s, slowed to an anemic 1 percent rate from 1974 through 1995. Since then, it's been growing at nearly a 2 percent rate, leading some economists to speculate that the economy has embarked on a new era of productivity growth, driven by computers and other high-tech innovations. 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. In 1998, for instance, inflation-adjusted hourly wages and benefits jumped 2.6 percent, the largest gain in 12 years. At the same time, growth in unit labor costs, a key barometer of underlying inflation pressures, slowed. They rose 1.9 percent in 1998, compared with 2.3 percent in 1997. This is what we have been talking about, now all we need is for the fed and everyone else to realize that USA can grow faster then what was thought possible and still be inflation free.. I was telling chuzz or someone on the thread that USA can grow at 6% or more a year, if corporation can do better then that with out raising prices, why can't the whole country? Greg