Thursday, September 04, 2003
The Wecovery: Lay 'em off, make the survivors work harder
The AP headline: "Productivity Soars as Businesses Produce More With Fewer Workers"...
Gosh, I sure wish I could pay my phone bill with "momentum." Unfortunately, it takes a paycheck to do that, and fewer and fewer people have them....
The economy shows signs of gaining momentum.
Productivity - the amount an employee produces for each hour of work - soared at an annual rate of 6.8 percent in the April-to-June quarter, even stronger than the government's first estimate of a 5.7 percent growth rate.
Gosh, I sure wish I could pay my phone bill with "momentum." Unfortunately, it takes a paycheck to do that, and fewer and fewer people have them....
