[lbo-talk] productivity and profits

[Gregory Geboski]

NIPA stats aside, I read the basic SF Chron contention--essentially, intensive exploitation and suppression of real job growth now will lead to job growth in some happy future--as ridiculous on its face. Why should the bosses change? Because of the obvious long-term problems with such a system? Hmmm. Somehow I can't see them leave the happy world where they can get fewer and fewer "lucky" workers to do damn near anything--barring fightback by the working class, which I'm sorry to say doesn't seem to be on any level that scares them at all.

---------- Original Message ----------------------------------
From: Doug Henwood <dhenwood at panix.com>
Reply-To: lbo-talk at lbo-talk.org
Date:  Fri, 2 Jan 2004 15:33:17 -0500


>joanna bujes wrote:
>
>>In a recent SF Chron article on productivity, the author wrote:
>>
>>"Such fast-growing productivity is a tremendous boon for society, 
>>economists stress. While jobs might disappear in the short run, 
>>higher output per worker spurs growth that in the long run creates 
>>more opportunity....


>I haven't updated my spreadsheets with the new NIPA revisions, but 
>profits have been rising strongly ...
>Doug
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