Quote:
Originally Posted by tw
Does not matter how many jobs go overseas. What only matters is what existing jobs are doing.
Productivity in American is at an all time high. Obviously. If only ten people are working and 200 million are unemployed, that 200 million does not affect productivity. Because economics only measures what the ten employed people are doing.
Since employers are demanding so much from their fewer employees, American productivity is at an all time high.
Productivity and unemployment have no relationship. However, productivity can be lowered by employing more people to do the same work. Then both unemployment and productivity decrease.
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Quote:
Originally Posted by jimhelm
I must be at an all time high. I understood that and agree with it.
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Ditto. That explains a lot.