[lbo-talk] Roach: Productivity in the New Economy

Doug Henwood dhenwood at panix.com
Sun Nov 30 08:41:17 PST 2003


Christian Gregory wrote:


>That underscores another aspect of America's recent productivity miracle:
>the growing use of overseas labor.

For what it's worth, a BLS economist told me that outsourcing has little effect on the productivity stats, since nondomestic output doesn't appear in the numerator, just as nondomestic input doesn't appear in the denominator.

Doug



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