Health Care Law Massacred in Supreme Court

[jrobie79]

the US still manufactures a shitload...not as many small consumer goods but still is a manufacturing powerhouse

[KenC]

Are you talking about production efficiency?

[bmwstephen]

That makes even less sense. How are you defining "productivity"?

We have a trade deficit because we don't export as many goods as we import. We're a serviced based economy now. We tell China what to make, and then buy it from them.

I'm defining productivity by its intended meaning: ratio of production output from the input.

while I agree with you that we have a deficit because we don't export as many goods, i think the underlying problem is the idle productive capacity we have that isn't utilized (and yes that is because we are a serviced based economy now). which leads me back to my point, we are the most productive (or can claim to be) but our production doesn't reflect it.

In the world of hedonics (which is what I do for a living), this practice abused quite frequently. Especially in the reporting of national figures such as CPI, GDP, or BLS Productivity.

[KenC]

er sorry. I meant to say people don't observe the relationship between productivity and production output - which I think is more important than just looking at productivity alone. If you are a product manufacturer trying to bid on a project, what would get an investors attention? your productivity alone? or the rate of output? cause last time I check, its the output of the physical product (which in turn I sell) that will help me make money, not your productivity.

let me put it in simpler terms, when people say the US is the most productive nation in this world, then why do we have a trade deficit? By that logic, if our productivity is top notch, shouldn't we have equilibrium or a surplus, thus being self-sufficient from the dependence on imports etc...

That makes even less sense. How are you defining "productivity"?

We have a trade deficit because we don't export as many goods as we import. We're a serviced based economy now. We tell China what to make, and then buy it from them.

[mrsleeve]

Do you know which valve it was? In any case, she'll likely have much more energy now.

Yeah. Acending valve.

I keep telling her that too

[bmwstephen]

What?

What does "correlation of production output" mean?

er sorry. I meant to say people don't observe the relationship between productivity and production output - which I think is more important than just looking at productivity alone. If you are a product manufacturer trying to bid on a project, what would get an investors attention? your productivity alone? or the rate of output? cause last time I check, its the output of the physical product (which in turn I sell) that will help me make money, not your productivity.

let me put it in simpler terms, when people say the US is the most productive nation in this world, then why do we have a trade deficit? By that logic, if our productivity is top notch, shouldn't we have equilibrium or a surplus, thus being self-sufficient from the dependence on imports etc...

[KenC]

Mom in law.

Was yesterday, got a cow valve and a bit of thinning aorta fixed. She's fine up and awake most og the tubes and hoses are out. She's out of the icu and doing very well. Thanks for asking :)

Do you know which valve it was? In any case, she'll likely have much more energy now.

[KenC]

technically they are, but because of how modern hedonic methodologies are manipulated interpreted, some people (especially western and many european societies) don't look at the correlation of production output which I think is more important compared to evaluating productivity narrowly. In other words productivity does not necessarily equate to production but most people focus on the former than the latter.

for example, I have a computer software that supposedly makes me 10 times faster, but does that mean I'm turning out 10 more reports over a given time? No, it simply raises my productivity to output that report so now I can probably take many coffee breaks in between compared to my neighbor who lacks that productive capacity.

Hell, if you ask a Greece citizen if they think they are as hardworking or productive as Germans. they'll likely say yes even though their production output is crap.

What?

What does "correlation of production output" mean?

[bmwstephen]

I thought the it was the Chinese that worked the most hours and was the most productive country in the world? They must be even more proud than Americans.

technically they are, but because of how modern hedonic methodologies are manipulated interpreted, some people (especially western and many european societies) don't look at the correlation of production output which I think is more important compared to evaluating productivity narrowly. In other words productivity does not necessarily equate to production but most people focus on the former than the latter.

for example, I have a computer software that supposedly makes me work 10 times faster, but does that mean I'm turning out 10 more reports over a given time? No, it simply raises my productivity to output that report so now I can probably take many coffee breaks in between compared to my neighbor who lacks that productive capacity.

Hell, if you ask a Greece citizen if they think they are as hardworking or productive as Germans. they'll likely say yes even though their production output is crap.

[mrsleeve]

^

Per capita there herb. When there are a billion of them, many hands make for light work

[herbivor]

Right we are still the most productive work force on the planet for a reason. Its part of what makes us Americans, the notion that you work hard and take care of your self and family is something to be proud of.

I thought the it was the Chinese that worked the most hours and was the most productive country in the world? They must be even more proud than Americans.

[mrsleeve]

Mom in law.

Was yesterday, got a cow valve and a bit of thinning aorta fixed. She's fine up and awake most og the tubes and hoses are out. She's out of the icu and doing very well. Thanks for asking :)

[KenC]

Lol yeah it is and that last post of mine was a mess. Phone posting from the holspitial lol

LOL me too, but I'm working here.

When is your mom's surgery?

[mrsleeve]

Lol yeah it is and that last post of mine was a mess. Phone posting from the holspitial lol

[jrobie79]

thats usually how political discussions go. for better or worse