• Posted by Karl Denninger, Market Ticker
Never mind the man behind the curtain, who won\'t utter the word:
The Labor Department reported Thursday that productivity jumped at an annual rate of 6.9 percent in the fourth quarter, even better than an initial estimate of a 6.2 percent growth rate. Unit labor costs fell at a rate of 5.9 percent, a bigger drop than the 4.4 percent decline initially estimated.
In the real world this means:
Work harder and get more done.
Get paid less.
Suck it up, don\'t complain, or you\'re fired.
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