As the recovery slowly begins, I’ve read entirely too many articles that refer to companies “squeezing more productivity” out of their workers as the reason why hiring hasn’t picked up yet.
That sounds so painful…
When will journalists and economic pundits figure out that hiring is always a lagging indicator? And what about all the productivity improvements that smart companies have made during the last 2 years? They aren’t driven by whips and chains, but by problem solving and better processes.
Increasing productivity is the way that countries become richer, but somehow it’s made to seem like a bad thing. Don’t be fooled. Growth without increasing productivity is not the goal.