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> "If productivity is falling, then production could be declining even as the number of jobs increases." Good catch. But where's productivity been going? (Hin
by roc 15y ago
> "If productivity is falling, then production could be declining even as the number of jobs increases."
Good catch. But where's productivity been going?
(Hint: not down. [1])
So while this indicates an assumption that should be identified and recognized, the correction doesn't impact the conclusion in this case.
[1] http://www.bls.gov/news.release/prod2.nr0.htm http://www.bls.gov/news.release/prod2.nr0.htm
- dpatru 15y agoThe productivity of some workers may be rising, but not all. For example, with all the investment in government we've had, government should be very efficient. Government services such as roads, transportation, education, care for the poor, wars on brown people, business regulations, prisons, etc should be very cheap right? Or could it be that as the private sector increases its productivity, the public sector correspondingly consumes/wastes more?