March 27, 2014

PRODUCTIVITY BOOMING:

Technology shakes up US economy (Robin Harding, 3/26/14, Financial Times)

In manufacturing, the story is of a productivity boom that allowed a solid increase in sales, coupled with falling employment and payrolls. Manufacturing sales rose 8 per cent between 2007 and 2012 to reach $5.8tn.

However, the industry shed 2.1m jobs - employment falling to 11.3m - and its payroll dropped $20bn to $593bn.


Enhanced by Zemanta

Posted by at March 27, 2014 5:05 PM
  

blog comments powered by Disqus
« WHAT WOULD A REVERSE 9-11 LOOK LIKE? | Main | PLEASE, UR, HELP ME OFF THIS LIMB: »