Again, I cannot put a number on it, but the ability to mark up goods looks
identical to productivity gains in the data, unless labor can regain lost
ground through comparable wage gains.
Jim Devine wrote:
> To what extent is the rise in labor productivity growth due to unmeasured
> (and unpaid) increases in the number of hours of work done, i.e.,
> stretch-out, or due to increases in the intensity of labor (work done per
> hour of work-time), i.e., speed-up?
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
