Sentences with phrase «absorb higher labor»

He predicted that others may be forced to raise prices or cut positions to absorb the higher labor costs.

Not exact matches

One would hardly realize that the problem facing U.S. industrial employment is that wage earners must earn enough to pay for the most expensive housing in the world (the FDIC is trying to limit mortgages to absorb just 32 per cent of the borrower's budget), the most expensive medical care and Social Security in the world (12.4 per cent FICA withholding), high personal debt levels owed to banks and rapacious credit - card companies (about 15 per cent) and a tax shift off property and the higher wealth brackets onto labor income and consumer goods (another 15 per cent or so).

He said educators and academics should «stop hyperventilating» about international test rankings, particularly given that students are already graduating from college at higher rates than can be absorbed by the labor market.