Business efficiency: The Importance of Productivity During Down Times visit for full newsletter Importance of Productivity during Down Times In the summer of 1900... • The average life expectancy in the United States was 47. • A three-minute call from Denver to New York City cost $11, which was an incredible sum because the average American made .22 cents an hour, or about $400 per year. • Most women only washed their hair once a month and used borax or egg yolks for shampoo. • Only 6% of all Americans had graduated from high school. • Marijuana, heroin, and morphine were all available over the counter at corner drugstores. • There were about 230 reported murders in the US annually. Amazing what a century will change. Amazing what a few months will change. Growth ends, recession sets in, the … [Read more...]