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If they provide the savings outlined, those savings will be pocketed as profit. Productivity improvements don't mean employees get to work less, either.
by philipov 8y ago
If they provide the savings outlined, those savings will be pocketed as profit. Productivity improvements don't mean employees get to work less, either.
- Matticus_Rex 8y ago> Productivity improvements don't mean employees get to work less, either. The economics literature begs to differ, though it's not a 1:1, as the improvements are usually specific to an area of the market while the labor market is much less specific, which actually means that the benefits are less because they're dispersed over a wider group of people, marginally improving the lives of people who didn't even have productivity improvements in the work they do.
- qaq 8y agoIt's pretty hard to argue that airlines (at least outside of US) is a very competitive biz.
- billforsternz 8y agoIt's an extraordinarily competitive business.