Lake Minnetonka Liberty

"Man is not free unless government is limited"

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US productivity falls as labour costs rise

Unions again! How many times have I said big labour actually hurts business? They just keep taking and taking until the company’s are bankrupt. I wonder how many jobs big labour is responsible for losing? Hundreds of thousands probably. They’re the reason why we import steel these days. They’re one of the reasons why business relocates oversea’s and why Boeing has a plant in South Carolina as opposed to Washington, but they don’t get it. All those greedy bastards are concerned with is how much they can take. Big Labour is identical to Big Government in the respect that the only thing it does is consume.

WASHINGTON (AP) — Worker productivity fell this spring in the United States at a faster pace than previously estimated while labor costs were rising at a faster clip. Both developments could pose threats to a fragile economic recovery.

Productivity declined at an annual rate of 0.7 percent in the April-June period, a bigger drop than the 0.3 percent decline reported a month ago. Labor costs rose at an annual rate of 3.3 percent, faster than the 2.4 percent increase originally reported.