Not sure I agree... it takes years before you can get away with charging for quality, and in between you just sell better stuff for an only slightly higher price.

Problem with productivity is that there are so many ways to measure it - output per hour is probably higher onshore, but output per dollar is probably lower. Usually the latter is what I see discussed as "productivity".

Agree that material costs and R&D are going to be a significant factor though.

Last edited by bridgman; 08/01/18 11:41 PM.

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