On 8/26/06, Walt Byars <[EMAIL PROTECTED]> wrote:
> The paper might be more solid than this response, but judging by the > article you > sent, I suspect it would not be worth my time to look at it in more > detail.
Given the complexity and ambiguity of the productivity equation, the results one gets from an empirical analysis depend very much on one's initial assumptions. For example, simply eliminating some low-productivity, low-wage jobs would, "on average" raise US productivity without necessarily increasing the productivity or wages of the survivors. -- Sandwichman
