Ever listen to the financial reports and wonder what is going on with productivity? Every quarter they talk about increased productivity, but do you feel more productive?
Productivity is the output of the company divided by the number of employees in the company. Very simple equation. So is everyone getting more productive each month? Nope. There are two ways to increase this number. The first is to lay people off and let the remaining workers share the increased workload. That's not a good sign. The other way is to lay people off and then replace them with contract workers (on shore, near shore or off shore) which aren't counted as employees. Another bad sign for employees.
So when you here the producitivity numbers go up and up just realized that likely means people loosing jobs to layoffs or outsourcing jobs overseas.
Here is a story about big layoffs this month with a promise of more jobs in the long run. Not holding my breath on that one.
Posted by jherr at January 5, 2005 09:33 AMThe end of that article reports a net gain of jobs for the month.
Posted by: eigga49 at January 5, 2005 02:29 PMNot that I saw. There was some comment about job growth, but it wasn't clearly related to the time frame of the rest of the article. On second reading the article is poorly written.
Regardless, god king Bush will have succeeded in the having the only four-term period of his presidency credited with creating no new jobs. In fact, if the trend holds, losing jobs during his presidency.
Tell me again why people voted for this man?
He is certainly the worst American president ever. And in my opinion one of the top five of the worlds worst leaders of all time. A list that includes Hitler and Stalin.
Posted by: jherr at January 5, 2005 02:51 PMThanks for signing in, . Now you can comment. (sign out)
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