[lbo-talk] Fitch and Brenner

Michael Perelman michael at ecst.csuchico.edu
Sun Feb 22 13:57:33 PST 2009


I never said that productivity is in decline, just that the data must be taken with a grain of salt, or, even better, with attention to the context.

On Sun, Feb 22, 2009 at 12:22:03PM -0500, SA wrote:
> Michael Perelman wrote:
>
>> Productivity can be misleading. If low productivity producers drop out,
>> that increases productivity without any improvement in existing
>> operations. Also, productivity can increase by outsourcing some work --
>> say janitors in a factory. These outsourced workers can be pushed harder
>> than unionized workers.
>>
>
> I don't get what you're arguing here. Are you arguing that productivity
> growth has actually been in long-term decline? If it has, then the economic
> statistics must really be worthless to be off by so much. And if the
> statistics are worthless then how do you know productivity's been in
> decline?
>
> SA
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-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com



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