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Old 03-20-2013, 05:27 AM  
tony286
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Join Date: Aug 2002
Location: atlanta
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Quote:
Originally Posted by woj View Post
I think you are misunderstanding what "worker productivity" is... it's simply "output"/worker... so for example: lets say a business produces 1000 widgets/year and employs 10 people then productivity = 100 widgets/person/year

now lets say, the employer invests his hard earned $$ to buy a newer/better machine, with this machine output doubles to 2000/year... so productivity jumps to 200...

so with the logic that Elizabeth Warren proposed, the worker should now be paid double? that's ridiculous...
Thats nice but not the case. I saw that when my Dad worked for a fortune 50 company they kept laying people off and dumping their work on others. If you wanted to keep your job you did it no matter how overwhelmed you are.
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