Topic: US economy productively running itself into the ground
clockwork
rabble-rouser
Babbler # 690
posted 13 June 2002 07:24 PM
quote:"Economists are concerned that Canadian companies have been adding too many workers -- and therefore expenses -- without showing a corresponding increase in output," wrote a reporter in The Globe and Mail recently. The implication, almost in so many words, is that these foolish Canadian managers are running around hiring people they don't need. These economists know better: They have statistics.
I'm not sure if I quite agree, but I think this guy has a point about "econometrics".
From: Pokaroo! | Registered: May 2001
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nonsuch
rabble-rouser
Babbler # 1402
posted 15 June 2002 07:45 PM
Of course he's right - it's been obvious for a long time. Look at the quality of the product: it declines every year. Then count how many people can afford to buy the product - or the stock, for that matter: fewer every year. And those are just the indicators an economic illiterate (such as myself) can see.
From: coming and going | Registered: Sep 2001
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