I have no idea what this means, can u explain to me?
the increased per-worker productivity resulting from the threat of impending layoffs. The resultant productivity boost is almost always temporary, since health-related reasons dictate that workers cannot maintain this level of increased output. Some economists have proposed that the economic growth during the early 2000s jobless recovery is a result of this phenomenon.
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If I understood it correctly – In fear of losing their jobs, work productivity increases significantly. However, they can’t maintain that high productivity for long because people can only do as much as their health and body permits. So you will have a quick increase in productivity until it plateaus or even regresses.
It means that people have been more productive (better) at their jobs because they are afraid of getting downsized, or laid off, due to the economy. Although this creates an increase in productivity (because the people are working a lot harder because they want not to be the ones picked for a lay off), the increase is short-lived, or temporary. That is because people eventually get, sick, stressed out, etc, and cannot keep up the increased levels of productivity. Some economists believe that the economy’s growth during the early 2000′s is because of this phenomenon — people working harder and being more productive because they fear being targeted for a lay off.
I hope this helps. : )
It means that because of all the layoffs workers got scared. As a result they started working harder in the hopes that they wouldn’t lose their jobs. This boost in labor was only temporary because people started getting worn out. Some people think that is what caused the economy to get better for a short while in the early 2000′s.
In the early 2000′s workers were afraid they would lose their jobs so they worked harder but although they achieved more productivity, the workers could not maintain their high level of output because they developed health problems.