On Feb 22, 2009, at 11:35 AM, 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.
So? Sucks for the workers, but that's capitalism, isn't it? Wal-Mart revolutionized retail by driving Mom and Pop, and then K-Mart, to the wall. But that's the point, no?
Doug