Not enough time to read all the posts in
this thread, so if this point has
already been made, my apologies.

Historically, as production slows in the
US economy, the seniority system leads
to the layoff of less-experienced (i.e.,
typically less productive) workers. The
consequence of this practice is usually
that labor force productivity then rises
as production falls.

Recent reports in the media about
increases in US labor productivity are
part of the ongoing pitch that things
are great and getting better.

Chuck

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