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Monday, December 01, 2003
Productivity Growth Is Short Term Transition
Current figures look inaccurate and unsustainable.
Productivity growth is sustainable when driven by creativity, risk-taking, innovation and, yes, new technology. It is fleeting when it is driven simply by downsizing and longer hours. With cost cutting still the credo and workers starting to reach physical limits, America's so-called productivity renaissance may be over before Americans even have a chance to enjoy it.
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