OK...the awesome, totally unbiased BLS has released the productivity v labor unit costs...(see below)
4th quarter productivity increased at an annualized 0.7%, while unit labor costs increased at 1.2% 4th quarter.
For the increases between 4th 2010 and 4th 2011, productivity increased only 0.5% (lower!) and costs 1.3% (higher).
So, the 4th quarter trended toward a smaller gap between a small increase in productivity (benefit) and unit labor costs (cost). So...MB is less than MC. Will that help or hurt the increase in real GDP? Will that hurt or help the increase in our real economy? Will employment increase faster than the rate of inflation?
http://www.bls.gov/news.release/prod2.nr0.htm
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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?