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anigbrowl

(13,889 posts)

6. That is incorrect

Reply to Bragi (Reply #2)

Tue Jun 7, 2016, 01:36 PM

Jun 2016

Productivity is the ratio of how much value a worker produces to how much the worker is paid. Better-paid workers are often more productive, as Henry Ford discovered. But productivity is a shifting target, because it varies depending on the skills and capital (in the form of both tools and raw materials) available for the worker to do the job. It's not a straight linear relationship of two quantities.

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Productivity declines 0.6% in 1st quarter 2016 (annual rate); unit labor costs rise 4.5% [View all] mahatmakanejeeves Jun 2016 OP

I read an article a few months ago about productivity being linked to investments by the company tonyt53 Jun 2016 #1

They will invest in robotics and CUT JOBS! Bragi Jun 2016 #2

"Productivity isn't a measure of efficiency, it's a measure of how much is paid to workers...." mahatmakanejeeves Jun 2016 #3

Okay then Bragi Jun 2016 #5

That is incorrect anigbrowl Jun 2016 #6

The only people {investing} in the US are the foreign-owned companies. mahatmakanejeeves Jun 2016 #4