New hires and recalls from layoffs... are far below what historical experience indicates. To a surprising degree, firms seem to be able to continue identifying and implementing new efficiencies in their production processes and thus have found it possible so far to meet increasing orders without stepping up hiring.  -   Alan Greenspan     Quotes
New hires and recalls from layoffs... are far below what historical experience indicates. To a surprising degree, firms seem to be able to continue identifying and implementing new efficiencies in their production processes and thus have found it possible so far to meet increasing orders without stepping up hiring. Alan Greenspan
 Experience