[Peace-discuss] The money was there all along

[Jenifer Cartwright]

I always assumed it was one of those, Mom, apple pie, support our troops, rah rah red white and blue, etc statements (or a compliment designed to replace decent wages and benefits in non-union shops). But we do have a much longer work week and vastly less vacation time than do other developed countries... So maybe that (partially) explains the statement.
 --Jenifer 

--- On Fri, 10/17/08, Bob Illyes <illyes at uiuc.edu> wrote:

From: Bob Illyes <illyes at uiuc.edu>
Subject: RE: [Peace-discuss] The money was there all along
To: peace-discuss at lists.chambana.net
Date: Friday, October 17, 2008, 12:58 PM

I believe it was Soros who pointed out that as the stock market bubble 
grew, production went down, i.e., the stock market rise was having the 
opposite of its oft-claimed effect.

I am somewhat mystified by the repeated statements I've heard of the 
extraordinary productivity of the American worker. Does anybody know where 
this comes from? As was intimated by Laurie, the main increase in American 
"productivity" seems to be in the area of "paper". I have
no doubt that 
productivity is going up, but this would seem to be a world-wide effect due 
to improved technology, not a peculiarly American thing.

Bob

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