I would only say this. If the U.S. is being eclipsed in productivity per unit, it is ultimately not a good thing. That is efficiency in a nutshell and in the end efficiency wins. Right now we could make the argument that it's keeping the demand for workers up, but the spiral is downward when the goal is not total worker efficiency per unit.
Even during the growth of industrialization, places like Ford realized that efficiencey per unit work was paramount and that production per unit declined when workers were asked to perform for more hours. Obviously some other places missed this. We must realize that Marxism was floating around and unionization is probably all that saved the U.S. from joining much of the rest of the world...
Pensions are breaking on both sides of the fence. The pension guarantee is billions underfunded and United just got out from under theirs in court. There is no guarantee in the future. Every future fund proposed has broken at least once...
(no subject)
Even during the growth of industrialization, places like Ford realized that efficiencey per unit work was paramount and that production per unit declined when workers were asked to perform for more hours. Obviously some other places missed this. We must realize that Marxism was floating around and unionization is probably all that saved the U.S. from joining much of the rest of the world...
Pensions are breaking on both sides of the fence. The pension guarantee is billions underfunded and United just got out from under theirs in court. There is no guarantee in the future. Every future fund proposed has broken at least once...