Saturday, 4 June 2016

Just Cause?

2 recent sets of figures from the USA raise a question of 'connectivity'/  Labour productivity refuses to rise - and investment in plant and equipment has declined over the last 10 years.  These can probably be correlated but is there a causal relationship?

Well, I can't prove anything but let's just say that labour productivity rises most quickly when capital is substituted for labour.

How do you compare to the US?  Still investing?  Productivity rising?  

No comments: