Does Productivity Influence Profit? --Dickeson

Perhaps, in the long run, increased productivity converts to increased profits. But wasn't it Lord Keynes who said, "In the long run we shall all be dead?" It's a cold comfort to realize that it's not just printers who misinterpreted the benefits of productivity increase.

Other industries and some very smart people have also gone astray. Increased productivity means more output per applied labor hour. Increased capacity is the direct, and desired, result.