U.S. Productivity Gains Misleading

While data shows that American productivity has increased exponentially in the past three decades, that is nothing more than a façade given that most of those production gains are driven by offshoring, according to two fair trade advocates.

Writing in The New York Times, Alan Tonelson and Kevin Kearns, members of the U.S. Business and Industry Council, claim that for years the U.S. Labor Department has been leading the American people to believe that the productivity of its workers has been skyrocketing.

The problem is, the Labor Department fails to differentiate between American and foreign workers when calculating productivity.

Full Story: U.S. Productivity Gains Misleading | Economy In Crisis.

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