April 15, 2013
HOW COULD COMPANIES NOT THRIVE WITH SUCH PRODUCTIVITY GAINS?:
As Wall St. Soars in Tough Era, Company Size Is a Big Factor (NELSON D. SCHWARTZ, 4/14/13, NY Times)
It would be inexplicable if they weren't doing well when reducing the workforce was having no effect on production.It's tough to make sense of the economy these days.The latest jobs numbers show hiring is down. Taxes are up, austerity reigns in Washington and consumers are skittish. Yet the stock market is defying gravity, marching ever higher in spite of it all. [...]American giants are benefiting from productivity gains and renewed growth in China and other overseas markets, allowing them to increase profits even if business at home remains lackluster.
Posted by Orrin Judd at April 15, 2013 6:34 PM
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