Andrew
Colesville, MD <http://www.nytimes.com/2016/03/10/opinion/who-gets-the-blame-for-the-slowin g-economy.html#permid=17851023> 7 hours ago "For a start, global competition and weak productivity growth have held down wages in developed countries "looks like a promising proposal. But it does not hold water because the facts are: Labor productivity-defined as output per hour-increased in the motor vehicle manufacturing industry from 2000 to 2007, but declined from 2007 to 2009. >From 2011 to 2014 the productivity increases every year at an average rate of 2.75%. (The Bureau of Labor Statistics) Secondly, let's take a look at productivity growth in construction. Measures of labor productivity growth in three industries in construction: Single and multiple family residential constructions from 1987 to 2011, and the construction of highways, streets, and bridges from 2002 to 2011. These data, which currently cover almost one quarter of construction output, show no sign of any sustained productivity decline. ( <http://www.bls.gov/osmr/abstract/ec/ec140090.htm> http://www.bls.gov/osmr/abstract/ec/ec140090.htm) Thirdly, the U.S. shines in G.D.P per hour worked as a more accurate labor productivity measure when compared with both the Western European and the Asian countries except oil-rich Norway. ( <https://www.stlouisfed.org/on-the-economy/2015/march/how-should-labor-produ ctivity-be-easured> https://www.stlouisfed.org/on-the-economy/2015/march/how-should-labor-produc tivity-be-easured ) The U.S. workers suffer so much hardship due to low and stagnant wages with their productivity gain. That they feel the pain is because, while automated production increases their productivity, capital pays them less as a result of over-supply of labor power, i.e., increased unemployment or surplus population.
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