Wow! All you need to to do increase productivity is to contract out. You can have the same sales for fewer employees. People pay for this sort of advise! > > Proof of rising U.S. productivity -- Want more evidence that U.S. > productivity gains are badly understated? Than look at the growth of > real sales per employee for companies in the Standard & Poor's > 500-stock index, advises economist Edward Yardeni of Deutsche Morgan > Grenfell Inc. Adjusted for the GDP price deflator, sales per employee > closely paralleled productivity growth in the nonfinancial business > sector from 1977 to 1987, reports Yardeni. But from 1987 to 1995, > they surged at an average annual pace of 4.7 percent, compared with an > anemic 1.1 annual rise in nonfinancial corporate productivity. The > dramatic increase in sales per employee, says Yardeni, helps explain > why the pickup in real wages hasn't boosted inflation. "Employers are > simply getting more pay for being more productive" (Business Week, > Feb. 17, page 25). > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail [EMAIL PROTECTED]
