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September 17, 2003

Higher productivity is hurting economy

  • Morgan Stanley economist Richard Berner says this recovery isn't just a jobless upturn, it's a "job-loss" upturn.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- Corporate America is basking in higher productivity, and that's good. But which is more important: the ensuing corporate profits that have given the economy a nice jolt in the short term, or the resulting job losses that make the economic recovery more difficult?

    This isn't a new problem, but it may be a deeper one.


     
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