I was reading an article at the bookstore the other day about productivity and hiring that I wanted to show my econ prof. It's this week's edition and the headline is "U.S.: And You Thought The Recovery Was In Trouble".
Linked at: http://www.businessweek.com/pr..._47/b3909034_mz010.htm
In class it is stated that increased productivity will lead to an increase in labor supply, meaning more workers because the level of marginal utility has not been "fully tapped"..but I believe the article above contradicted that, in that lower productivity is resulting in firms hiring more to offset the drop in productivity.
So if anyone can access it and send just the last 2-3 paragraphs or so, that'd be really great, thanks!
Linked at: http://www.businessweek.com/pr..._47/b3909034_mz010.htm
In class it is stated that increased productivity will lead to an increase in labor supply, meaning more workers because the level of marginal utility has not been "fully tapped"..but I believe the article above contradicted that, in that lower productivity is resulting in firms hiring more to offset the drop in productivity.
So if anyone can access it and send just the last 2-3 paragraphs or so, that'd be really great, thanks!
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