Interestingly, according to economist Joseph Schumpeter, "recessions are an ideal time for firms to engage in activities that enhance their productivity but tend to interfere with production. Examples of such activities include retraining workers, retooling a shop floor, upgrading capital equipment, and experimenting with ways of providing better products at lower costs. If slack periods encourage firms to undertake needed improvements that they were reluctant to start earlier, these periods will lead to higher eventual productivity."
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Interestingly, according to economist Joseph Schumpeter, "recessions are an ideal time for firms to engage in activities that enhance their productivity but tend to interfere with production. Examples of such activities include retraining workers, retooling a shop floor, upgrading capital equipment, and experimenting with ways of providing better products at lower costs. If slack periods encourage firms to undertake needed improvements that they were reluctant to start earlier, these periods will lead to higher eventual productivity."
http://findarticles.com/p/articles/mi_qa3631/is_200511/ai_n15740970/pg_1?tag=artBody;col1
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