Old Rocks
Diamond Member
There's no growth in productivity.
You are a lying SOB.
PRODUCTIVITY AND COSTS
Third Quarter 2011, Revised
Nonfarm business sector labor productivity increased at a 2.3 percent
annual rate during the third quarter of 2011, the U.S. Bureau of Labor
Statistics reported today, with output and hours worked rising 3.2 percent
and 0.8 percent, respectively. (All quarterly percent changes in this
release are seasonally adjusted annual rates.) From the third quarter of
2010 to the third quarter of 2011, output increased 2.4 percent as hours
rose 1.4 percent, resulting in a 0.9 percent increase in productivity.
(See tables A and 2.) Labor productivity, or output per hour, is calculated by
dividing an index of real output by an index of hours worked of all
persons, including employees, proprietors, and unpaid family workers.
The productivity measures released today are based on more recent and more
complete data than were available for the preliminary report issued
November 3. (See Revised measures.)
Unit labor costs in nonfarm businesses fell 2.5 percent in the third
quarter of 2011, reflecting the 2.3 percent increase in output per hour
combined with a 0.2 percent decline in hourly compensation. Unit labor
costs rose 0.4 percent over the last four quarters. (See tables A and 2.) BLS
defines unit labor costs as the ratio of hourly compensation to labor
productivity; increases in hourly compensation tend to increase unit labor
costs and increases in output per hour tend to reduce them.
There you have it. More production per employee and less pay for the employee. This is the GOP's wet dream. And people like this lying poster support that 100%.
Exactly... high unemployment AND increased productivity? Yep, Like I said... Henry Potter's Wet Dream. Welcome back to the turn of the 20th century. Pretty soon they'll be paying us in Company Scrip and forcing us to buy from Company Stores(at a huge profit, of course).
And we will get a repeat of Ludlow once again. With asses like Nick and Full Auto as triggermen.