Looks like spending on productivity technology is up, but are companies doing so to avoid hiring as much as possible?
The only increases in productivity in last decade has been "reduced bodies", the REAL increases from technology are long past. As for increases in Technology by "UPGRADING"..............What difference would a bunch of new pc's and windows 7 provide by replacing windows XP and a 6 year old pc in a steel, automobile plant? Yes, there is a VERY small need for better boxes but not enough to change the productivity for a nation as a whole. Best way to increase productivity in a mature country is to fire workers and ship the costs of productiion overseas and then watch your country die on the vine as everyone blames politicians for the ills of greed and corruption of the corps. Would a business place ads in newspapers for more grunt workers after buying a boatload of new technology without first seeing an INCREASE in demand for the products produced? :eek: No new orders................no need to upgrade or even considering hiring . PERIOD!!!