“We're producing almost as much as we did before the recession, with 7.5 million less people,” said Lakshman Achuthan, managing director of Economic Cycle Research Institute. “The difference is going into the productivity numbers and corporate profits.” The latest reading on productivity, which measures the economic output of each hour Americans work during a quarter, was up 2.5% from a year ago in the third quarter, the Labor Department reported this week. It's the sixth straight quarter of gains of that level or higher. But that level of productivity can't go on forever, said Achuthan. “There is a limit. Workers do start to push back,” he said. “But business managers don't hire because they're nice guys or girls, they hire because they're scared that they'll lose business to someone else. That'll be what gets hiring done.” http://money.cnn.com/2010/12/03/news/economy/employers_doing_more_with_less/?ire… added by: Swisher
