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For recent
years we have wondered what do all those people do
everyday. |
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In many retail
stores the employees move like molasses. When they
are asked for assistance they have no idea what the
answers are nor even how to go about getting answers
for customers' questions. |
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On factory
production lines the fastest, most intelligent
workers moving things have for years been robots spray
painting and attaching doors. The human workers seem to
move as if on their breaks while bolting doors on
assembly line vehicles. |
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In offices, there are
more people walking around than sitting at desks --
apparently -- doing productive work or shopping
online. |
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The financial
slowdown is forcing an equilibrium. Over-employment
simply because management felt it could use a few
more workers is no longer supported by the excess
revenue brought in through raising prices. |
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Companies now have an
excuse to remove the 20%, 30% and likely
realistically, 40% of employees who are not
adding to the total productivity
of many manufacturing, service, and retail
operations. The marginal output of the marginal
employee can no longer be supported by tangible
measurable productivity of workers who actually work
and produce. |
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Jobs are being lost
to a great extent because there was little work for
many in those job positions. And there will not be
work in those job positions in the near future. |
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Those now-unemployed
marginally productive employees should go to school,
learn to do something that they might be good at --
not simply something they enjoy -- and attempt to
join the labor force endeavoring to produce. |
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Productive workers
are less likely to lose their jobs than unproductive
workers when the next downturn hits. |