Tuesday, March 31, 2009

Unemployment blockage

UK labour productivity collapses

The previously stable measure of labour productivity went into relative decline in late 2007. Now productivity year on year is negative i.e. we make less stuff per worker. Alice Cook, the blogs author, interprets this as a consequence of fallling demand combined with delaying redundancies, which forces down productivity per worker as too many workers. As this pushes production costs up at a bad time the conclusion is that a large glop of unemployment is coming as companies face the inevitable.

Posted by stillthinking @ 08:44 PM (426 views)
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One thought on “Unemployment blockage

  • Ah yes the welfare state and public sector finally outweigh real ggod production. Well done Labour, well done everyone who does not value manufacturing.

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