> > labor productivity ... is usually pro-cyclical because as demand and > > production increase, overhead labor is used more completely. However, > > a severe recession can lead to the sacking of most overhead labor, > > which can raise labor productivity. Also, these days -- after the > > thinning out of white collar jobs during the 1990s and the move to > > "leaner" production hierarchies -- the pro-cyclical effect is > > weakened.
On 9/24/07, Anthony D'Costa <[EMAIL PROTECTED]> wrote: > But do remember thinning workers does have a productivity effect in part due > to outsourcing. right, but I was only talking about the effect of the biz cycle on labor productivity. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
