Economy

            The article I read about the economy was from the "New York Times" magazine. Economy in Worst Hiring Slump in 20 Years". I learned from reading the article that productivity gains are going to vastly improve everybody's standard of living over the next decade or so and it is going to seriously change the standard for what rate of economic growth is required to keep everybody work which will avoid falling back into current vicious circles of productivity gains reducing employment which will reduce aggregate demand. .
             What I mean by this is that the recent increases in corporate efficiency appear to have created a long-term change in the level of economic growth needed for an improving job market. The economy advanced 2.8 percent from the end of 2001 to the end of last year, which was once a growth rate capable of generating demand for tens of thousands of new workers a month. Yet the payrolls still declined significantly.
             The productivity gains are accelerating the feedback-susceptible process. The very act of increasing productivity allows the staff the time and resources to further refine and optimize the processes. As a society there is no idea how to deal with gains in productive capacity of nature. .
             The economic growth has slowed to less than 1 percent in recent months according to the article about one million people appear to have dropped out of the labor force, neither working nor looking for a job, according to government figures. I think the economy went down after the World Trade Center was hit by terrorists. But now it is starting to improve and hopefully so will the economy.
             .