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Author Topic: US economy productively running itself into the ground
clockwork
rabble-rouser
Babbler # 690

posted 13 June 2002 07:24 PM      Profile for clockwork     Send New Private Message      Edit/Delete Post  Reply With Quote 
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.

Productivity is a time bomb

I'm not sure if I quite agree, but I think this guy has a point about "econometrics".


From: Pokaroo! | Registered: May 2001  |  IP: Logged
nonsuch
rabble-rouser
Babbler # 1402

posted 15 June 2002 07:45 PM      Profile for nonsuch     Send New Private Message      Edit/Delete Post  Reply With Quote 
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  |  IP: Logged
Doug
rabble-rouser
Babbler # 44

posted 16 June 2002 05:55 AM      Profile for Doug   Author's Homepage     Send New Private Message      Edit/Delete Post  Reply With Quote 
I like his "Beyond Selfishness" article too. It's worth looking at. http://www.henrymintzberg.com/beyond%20selfishness.pdf
From: Toronto, Canada | Registered: Apr 2001  |  IP: Logged

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