Detailed text transcripts for TV channel - MSNBC - 20111101:19:52:00
There are accelerations in the use of capital. but in fact, we've had productivity growth over the long-term. what was particularly tough in the 2000s, and of course, worse now, was the absence of strong enough demand to absorb increasing efficiency in our economy, something that we've always done. and here i do have -- >> you mean, we're too good of workers right now? >> well, i think we've had productive workers, some of the most productive workers in the economy all throughout that graph. in a way, richard, you have to ask yourself, how come we had high productivity back in the '40s and '50...