I remember when I ran a factory whose measured efficency was over 100%. The closer I looked at how these numbers were calculated the more I realized that they were completely cooked! For example if the standard was to make 60 pieces in one hour and the operator only made 40 all they had to do was to claim 20 minutes of downtime to achieve a 100% efficency rating!
What you needed to do was to measure downtime and was it increasing or decreasing! Biden is taking all kinds of credit for the American economy and unemployment rate. But what American’s really need to do is to look at the Federal deficit to see if it is going up or down. They should also be looking at is if the US government is increasing commitments to pay bank deposits, tuitions, mortgages etc….
And that is all I’m going to say about that!
