--- Dan Minette <[EMAIL PROTECTED]> wrote: http://econ161.berkeley.edu/movable_type/archives/000949.html > > we find recent quotes from the IMF showing that the > US now leads Europe in > productivity per hour as well as productivity per > capita. Considering the > fact that the US has a large undereducated > immigrant population in the > labor force, and Europe has much higher unemployment > rates this is fairly > remarkable. > > > Dan M.
I believe that historically it has almost always been the case, however. For most of its history wages in the US have been substantially higher than those in the rest of the world - something you could only sustain with significantly higher productivity. ===== Gautam Mukunda [EMAIL PROTECTED] "Freedom is not free" http://www.mukunda.blogspot.com __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
