MEC 431 Lecture Notes - Lecture 2: Fixed Capital, Computer Hardware

• School: Ryerson University
• Department: Mechanical Engineering
• Course: MEC 431
• Professor: N/ A

Document Summary

Mec 431 w 2: some workers equate productivity with layoff"s, downsizing and, during the last recession, many auto-workers were laid off due to about (cid:884)/(cid:885)"s of the workforce. The remaining workers are more productive, due to increased automation and better designs for longer work weeks. weak car sales. However, car volumes have returned 2008 levels, but at manufacturing. 6: however, productivity can also be increased through: Computer hardware, software employee training. 7: lagging investments in upgrading skills and technology (machines and, reducing numbers of people pursuing studies in stem (science, tools) and thus affecting productivity. technology, engineering and mathematics). Why are investments lagging? than into real capital (tools, machines, etc: in the past (cid:884) decades, it has been more profitable in (cid:498)invest(cid:499) in stocks. Growth in total stockpile of financial capital 61% Growth in total stockpile of fixed capital 13% ref: paper boom, jim. 8 part based on speculative real estate values.