April 2014

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30      

Send Money

to BtB

Tip Jar
Blog powered by Typepad
Member since 09/2004

« Upcoming: Year of the Black Water Snake | Main | White House... Hackathon?! »

Thursday, 07 February 2013


Mannie Sherberg
Productivity is the measure of how much bang a company gets for its buck -- or, in the robotalk dear to economists, how much output it gets from its input. If, indeed, shrinking productivity becomes the norm, and if the reason for the shrinkage proves to be rising labor costs, we're going to see an increasing number of layoffs -- for the good and simple reason that the quickest and easiest way to reduce labor costs is to get rid of laborers. If all of this happens, then we'll obviously see those unemployment numbers rise once again above 400,000. Conclusion: those rosy economic scenarios we've been hearing of late are as phony as Bernie Madoff's promises. Our economy is sick. and Obama -- a quack doctor if there ever was one -- hasn't a clue as to how to cure it.

The comments to this entry are closed.