Productivity and Profits
futureofcapitalism.com

Andy Kessler has a good piece in the Wall Street Journal explaining how productivity improvements of the sort Bain Capital pursued help to create jobs:

In a competitive economy, productivity—doing more with less—always lowers the cost of products or services: $5,000 computers become $500 tablets. Consumers get to spend the difference elsewhere in the economy, and entrepreneurs will be happy to sell them what they want or create new things they never heard of, but will want. And those with capital will be eager to fund these entrepreneurs. Win, win.

Read More...

Productivity and Profits
futureofcapitalism.com

Andy Kessler has a good piece in the Wall Street Journal explaining how productivity improvements of the sort Bain Capital pursued help to create jobs:

In a competitive economy, productivity—doing more with less—always lowers the cost of products or services: $5,000 computers become $500 tablets. Consumers get to spend the difference elsewhere in the economy, and entrepreneurs will be happy to sell them what they want or create new things they never heard of, but will want. And those with capital will be eager to fund these entrepreneurs. Win, win.

Read More...