In thermodynamics and business operations, entropy is a natural killer of performance. A lack of consistent maintenance or review leads to an unavoidable trend toward chaos, a falling a part...
This article points to the latest data and trends indicating that the US economy will grow less than its potential due to the demographics of its people (resources). The sum of the productivity growth and working-age population indicates a slow growth economy. As the working age workforce declines with age, there will be less productive hours to utilize for production; thus, slow growth. Coupling this with the declining unemployment, we may have less slack in the economy. This should produce a wage increase and inflation. Only time will tell.
Gary Kapanowski – Lean Six Sigma Master Black Belt – Excelsior
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