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Can Productivity Climb Without Eliminating Jobs?

Posted March 18, 2011 7:00 AM

The answer is "yes," according to a McKinsey Global Institute (MGI) report. "Even productivity from efficiency gains can lead to higher employment," report authors opine, "if the cost savings are put back to work elsewhere in the economy." MGI's report describes seven major imperatives to get there. Bottom line: To match GDP growth of the past 20 years, as well as rising living standards, the U.S. must boost labor productivity growth at a pace not seen since the 1960s. Do you think that's possible?

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Engineering Fields - Control Engineering - Time to take control United States - Member - New Member Engineering Fields - Systems Engineering - New Member Engineering Fields - Mechanical Engineering - New Member

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#1

Re: Can Productivity Climb Without Eliminating Jobs?

03/18/2011 9:30 AM

Possible? Yes,

Probably? Not with the current administration in this (USA) country.

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#2

Re: Can Productivity Climb Without Eliminating Jobs?

03/18/2011 10:34 PM

Just the threat of eliminating jobs causes productivity increases.

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#3

Re: Can Productivity Climb Without Eliminating Jobs?

03/18/2011 10:40 PM

can't open the link...

but sure... just sell more.. then factories will produce more.

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#4

Re: Can Productivity Climb Without Eliminating Jobs?

03/29/2011 5:46 PM

The answer is "Absolutely, Positively YES ". A person can produce at a higher level if given the tools to do so. However if a UNION intervines with a " Less work for more money " approach then automated equipment is a wasted effort.

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