On Wednesday the U.S. Labor Department announced that
despite the downturn in the economy, worker
productivity continued to increase. This tends to
confirm the view of Fed. Chairman Alan Greenspan and
other new economy theorists that technological
advancements have led the country into a new era of
higher productivity. Increases in productivity are of
prime interest to policy planners, employers, and labor
alike, as they make it possible to increase wages
without cutting into profits or raising prices.
See ROBERT MANOR, Chicago Tribune, September 5, 2001