Why might the news that productivity is going up, not be a good thing for the unemployed?
Thursday, November 5, 2009
How Can Rising Productivity Be Bad News?
Why might the news that productivity is going up, not be a good thing for the unemployed?
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13 comments:
Rising productivity is good and bad. It sounds good and gives workers more money and time, but unfortunally, there is still a high unemployment rate, so it really doesn't help
Actually, it's only a bad thing for unemployment. When each worker produces more, it eliminates the need to hire more workers. Simple logic.
Businesses just can't afford to pay another or anymore employees still.
Like Chloe said, "it's simple logic."
If you can get ONE worker to do the work of one and a half or two workers, why have more than one?
Rising productivity is good and bad. It sounds good and gives workers more money and time, but unfortunally, there is still a high unemployment rate, so it really doesn't help
Rising productivity is a bad thing for people who are unemployed because it decreases the need for more people to be hired.
As the the article said, a concern for the rising productivity is that the already tightened salaries of the companies employees will stay tight and they will not be able to buy the products. This can cause the company to not make money for the products they produce. That can cause them to not be able to hire any new workers, and possibly lay some off, not doing any god for the unemployment rates. But again, that is only a concern.
Rising productivity is good for a business, but its debatable weather or not its good for the economy as a whole, because more productive workers means less workers. It's yet another crazy paradox of economics...
The productivity rising is bad news for the unemployed because, if companies can raise their productivity with fewer worker like they are now. They are not going to hire more people when they can do it with the workers they have. Which does not create any more jobs for the unemployed.
it will decrease the need for more workers. to the point where some place would lay people off because of it and it will only make the unemployment worse
hmm this is good and bad. its great for employed but for unemployed sorry about you luck
if there is more productivity that would be a better chance at getting jobs
well when the money does bad no productivity will be made.....
cause it just might cause more unemployment
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