They can pay slightly more than most investors and still come out ahead, because they can get free or
inexpensive labor from the congregation.
Shoe manufacturing has largely moved abroad to Asia from Europe and the U.S., a function
of inexpensive labor in those countries, Plank told an audience at technology tradeshow CES in Las Vegas on Friday.
For example, new capital can fund technologically advanced factories that can hire
relatively inexpensive labor, assuring a market advantage in terms productivity, cost base and quality of product.
This singular focus on research arises from a longstanding funding model that uses students and postdocs
as inexpensive labor on professors» grant projects while neglecting their own professional development, which leads to another question McNutt posed: Should federal and state governments consider new models for financing research?
The economic and social upheaval stemming from both the Great Depression and World War II forced the United States to seek out a source
of inexpensive labor to meet its manpower needs in both agriculture and railway maintenance.
This national policy was the result of concern over the large number of Chinese who, responding to the need
for inexpensive labor for construction of the transcontinental railroad, came to the United States.
Instead of offering its skilled and disciplined but
inexpensive labor to work for foreigners, it can re-direct its production from the primacy of export to the primacy of meeting the needs of its own people.
Compounding the mismatch is the criticism that in many labs, this type of pre-professional training is not taking place at all, and that many postdocs are being used as a form of highly skilled but
inexpensive labor to conduct the research that drives the economy.
Is it labor (i.e., is this an engagement many firms can handle and the client is looking for
inexpensive labor)?
Interns, also known as Co-op students, have long been used by companies as a method of getting
some inexpensive labor while providing a student with valuable work experience.