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So we have 3 years to go.
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“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324) -
Funny, I always thought you were older than me
Nope. I'm still a youngin'.
That's a real head scratcher, isn't it? I guess we shed the lowest value hours, like all of those dot bombs, manufacturing, etc.Q1 2000 peak: -6.1%
I doubt we will be quite like that. Labor always finds its price, and we keep shoveling labor into our economy at a rapid clip. At first, they might be jobs that Europeans and many Americans would turn their noses up at, but they represent honest days' wages.I'll say it again, high productivity growth and a lackluster labour market - welcome america to the european economy of 1973-96Last edited by DanS; November 5, 2003, 11:06.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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And for Colon, here's Toyota doing it up in style. Props to them.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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A little more than 2 actually.Originally posted by HershOstropoler
So we have 3 years to go.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Dan, consider that the rising unemployment and high productivity growth are likely connected. After all, when firms fire people, they fire the least productive ones, thereby automatically increasing the average productivity of the remainder. As EF already implied, a similar effect had been taking place in Europe during the late 90's, only in the reverse. (fast employment growth depressing productivity growth, as less productive employees were hired)
Re Toyota, most of the Japanese automobiles has been doing really well: check Honda and Nissan. Mitsubushi was also on the mend IIRC.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Employment growth stimulates demand though. That boosts productivity.Originally posted by Colon
As EF already implied, a similar effect had been taking place in Europe during the late 90's, only in the reverse. (fast employment growth depressing productivity growth, as less productive employees were hired)I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I think I've already gone over this with ef in pretty good detail. He will be able to give you a good description, but on a summary level, high productivity growth is attached to high hours growth just as much as it is attached to hours losses (I think high productivity growth/high hours growth comes out ahead). I'll see if I can find my notes on this for the coincidence of these two figures.Dan, consider that the rising unemployment and high productivity growth are likely connected. After all, when firms fire people, they fire the least productive ones, thereby automatically increasing the average productivity of the remainder. As EF already implied, a similar effect had been taking place in Europe during the late 90's, only in the reverse. (fast employment growth depressing productivity growth, as less productive employees were hired)I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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We were talking about the 2003-06 period, ie including 2006, were we not?Originally posted by Kidicious
A little more than 2 actually.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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Maybe. I thought you didn't remember.Originally posted by HershOstropoler
We were talking about the 2003-06 period, ie including 2006, were we not?
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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I remember the time period of a similar bet. IIRC I used 2006, based on the last hurray of the Greenspan bubble. But who knows, maybe they really go unconventional and it works for a while, then I'll lose this bet.“Now we declare… that the law-making power or the first and real effective source of law is the people or the body of citizens or the prevailing part of the people according to its election or its will expressed in general convention by vote, commanding or deciding that something be done or omitted in regard to human civil acts under penalty or temporal punishment….” (Marsilius of Padua, „Defensor Pacis“, AD 1324)Comment
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I said they are damned if they do and damned if they don't so they might as well put off the enevitable. The US economy is growing now and maybe it will next year. It wouldn't have if they didn't lower interest rates. There is another recession coming for sure, but everything taken into consideration it was the right decision.Originally posted by HershOstropoler
I remember the time period of a similar bet. IIRC I used 2006, based on the last hurray of the Greenspan bubble. But who knows, maybe they really go unconventional and it works for a while, then I'll lose this bet.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Only 8.1%? What a disappointment!
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Not sure if I got ya... Don't the hours worked in the BLS release represent the average worked hours, not the total of worked hours of all employees?Originally posted by DanS
I think I've already gone over this with ef in pretty good detail. He will be able to give you a good description, but on a summary level, high productivity growth is attached to high hours growth just as much as it is attached to hours losses (I think high productivity growth/high hours growth comes out ahead). I'll see if I can find my notes on this for the coincidence of these two figures.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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That means that hours (which means total hours worked colon) have started to rise for the first time since Q1 2000Originally posted by DanS
Only 8.1%? What a disappointment!
I have edited the above statistics to reflect the new data19th Century Liberal, 21st Century EuropeanComment
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Yep, it looks like the hours worked is coming around. Payrolls up. Average workweek up.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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