>ok, now those are "productivity figures"? Excuse a totally
>ignorant question, but what does that mean? GDP growth rate?
>Or what?
Output per hour worked, in concept, which in practice means dividing inflation-adjusted sales by the number of hours worked. The numbers I quoted were for manufacturing; no one knows how to deal with services - how do you quality-adjust the "output" of an investment banker or a pedicurist?
Doug