Not exact matches
Fuelled by a
low peso and cheap
labour costs, Mexico's booming manufacturing industry has already overtaken Canada's in terms
of the dollar value
of exports to the U.S. Indeed, Canada is contending with more than just
low oil prices.
If you don't pay special attention to that
labour component, you may not reap the full benefit
of lower production
costs.
«If (German Finance Minister Wolfgang) Schaueble's dogma for a multi-speed Europe and economic zones
of low -
cost labour is not abandoned, Europe will be brought to the brink
of dissolution,» Tsipras was quoted by Realnews as saying.
Add in all the perks
of producing at home — such as eliminating exchange rate uncertainty,
lower chances
of supply chain disruptions, a more plentiful supply
of qualified
labour and the synergies that develop when the R&D guys can easily chat with factory floor employees — and the overall
costs of building a new factory in the U.S. or China are roughly equal.
But after a series
of difficult
labour negotiations under CEO Calin Rovinescu, Air Canada finally obtained the concessions it needed last year to hire new employees at reduced pay for a
low -
cost carrier to target the vacation market.
A commodities boom has driven the Canadian dollar from a 62 cents US
low up to parity, vaporizing any
labour cost advantage we previously enjoyed over the U.S. and changing the structure
of the economy; at the margin, a Canadian worker adds far more to our economy by extracting resources than by building cars.
The huge pool
of low -
cost labour that this has brought into play has put sustained downward pressure on a wide range
of prices
of internationally traded goods.
U.S. talks this year closed the gap between Canadian and U.S. workers, raising wages south
of the border while the Canadian dollar
lowered labour costs in Canada.
The comparative advantage sweet - spot for Canada's rust belt is the combination
of a high - skilled
labour force, significant quality controls and a
low cost of living.
Low overall inflation has, to a large extent, been a result
of relatively subdued growth in unit
labour costs.
The NAB survey indicates that the growth
of labour costs has picked up over the year to June, though the rate
of growth in this series is still quite
low.
While «outsourcing» for
low -
cost labour may have motivated outward investment in the last decade, the new driver
of investment is clearly domestic economic growth in Asia.
The combination
of this competitive job market with a
lower cost of living than many Western countries means many Chinese workers are willing to work for less, which presents an opportunity for global companies to save on
labour costs.
Strong
labour markets and historically
low borrowing
costs have allowed Canada's households to amass one
of the highest debt - to - income ratios in the developed world.
The evidence that is available about food production and processing, but not included in the Green Paper, is that the sector's businesses are in the main under considerable financial pressure as a result
of falling real commodity prices, rising input
costs, increased government regulations, rising
labour costs, and
lower retail margins.
Economically speaking, the selling price
of organic rice in the Ebro Delta is higher than conventional rice, and permits greater profit to farmers, in spite
of the major
cost of labour (organic farming
of this particular system needs 25 percent more than conventional farming) and
lower yields -LRB--15 percent in organic paddy fields).
Planned birth at home in
low risk women without complicating conditions at the start
of care in
labour was associated with significant
cost savings and a significant decrease in adverse perinatal outcomes avoided.
Fig 2
Cost effectiveness plane: planned birth at home compared with planned birth in obstetric units for nulliparous
low risk women without complicating conditions at start
of care in
labour
For
low risk women without complicating conditions at the start
of care in
labour, the mean incremental
cost effectiveness ratios associated with switches from planned birth in obstetric unit to non-obstetric unit settings fell in the south west quadrant
of the
cost effectiveness plane (representing, on average, reduced
costs and worse outcomes).25 The mean incremental
cost effectiveness ratios ranged from # 143382 (alongside midwifery units) to # 497595 (home)(table 4 ⇓).
In this study
of the
cost effectiveness
of alternative planned places
of birth in England in women at
low risk
of complications before the onset
of labour, we found that the
cost of intrapartum and after birth care, and associated related complications, was less for births planned at home, in a free standing midwifery unit, or in an alongside midwifery unit compared with planned births in an obstetric unit.
Restriction
of the analyses to
low risk women without complicating conditions at the start
of care in
labour narrowed the
cost differences between planned places
of birth: total mean
costs were # 1511 for an obstetric unit, # 1426 for an alongside midwifery unit, # 1405 for a free standing midwifery unit, and for # 1027 the home (table 2 ⇓).
Profiles
of resource use, and their associated unit
costs, for each planned place
of birth are reported in detail in appendices 1 and 2 on bmj.com.25 The total mean
costs per
low risk woman planning birth in the various settings at the start
of care in
labour were # 1631 ($ 1950, $ 2603) for an obstetric unit, # 1461 ($ 1747, $ 2332) for an alongside midwifery unit, # 1435 ($ 1715, $ 2290) for a free standing midwifery unit, and # 1067 ($ 1274, $ 1701) for the home (table 1 ⇓).
There are calls for
labour market reform, for
lower labour costs (ie
lower wages), for «renewed efforts» to get school leavers into training, for better use
of an existing EU jobs website to «facilitate the cross-border placement
of young people».
Labour does not offer a great deal more, focused primarily on
low -
cost initiatives and on changing mindsets, although the party does also offer a National Refuge Fund and wider access to Legal Aid for victims
of domestic violence.
The benefits
of the agreement are twofold,
Labour gaining candidates with
lower election
costs and the party gaining influence within a
Labour movement.
Commenting on the development,
Labour Analyst, Austin Gammey, cautioned that it will be challenging for employers as Ghana's economy compels businesses to offer
lower wages due to high
cost of operations.
Ed Miliband has at least taken advice and given the correct answer to the strike we do not like strikes and we think they should get around the table but we do understand why people are striking, they are striking because they are agreeing with
labour the
cost of living crises is attacking the
low paid and the professional teachers and nurses.
That means focusing on the
lower - hanging fruit in terms
of cutting
costs - such as cutting interest rates, which are currently up to 6.1 %, and have been attacked as bafflingly high by a long line
of former Conservative and
Labour education ministers.
First, corporate profits are booming because
of declining commodity prices and a weak jobs market that has driven down the
cost of labour (the share
of U.S. GDP going to
labour income is at its
lowest level in 50 years).
They enjoy some key advantages — younger / faster growing populations (with far
lower entitlements),
labour costs that are a fraction
of developed market
costs, control
of a major portion
of the world's natural resources,
low / stable debt ratios, a 50 % share
of world GDP, and GDP growth expected to be twice that
of developed markets.
For games made in countries with
lower labour costs or with strong subsidies for digital industry, like CD PROJEKT's The Witcher series growing into a behemoth, the risk is smaller (not to mention they own GOG, an actual games platform
of their own).
(See Weber Thompson and Chris Hardwicke) Yet millions
of acres
of agricultural land in North America and Britain have been taken out
of production, their output replaced with imports from nations with
lower labour costs and more sunlight.
There will actually be an insourcing
of jobs as it will result in it being less profitable to grow or manufacture goods and transported over long distances from places where there is
lower labour costs and environmental standards rather than done in relative proximity to where the consumers are located.
Sebastian Runde, an organic farmer says they have managed to produce a shirt that is made 100 % in Italy: «Producing the T - shirts abroad in a country with
low labour costs was out
of question».
Much
of what we take for granted in modern law firms — hourly billable targets, ever - increasing workloads, lengthening partnership tracks, client hoarding by partners, and more — can be traced at least in part to firms» established ability to dictate the terms
of employment to a fairly
low -
cost and easily leveraged
labour pool.
Following the training, workers will be placed with outsourcing vendors in the regions that provide offshore services to American companies looking to take advantage
of the Asian subcontinent's
low labour costs.
Finally, reliant as it is on volunteer
labour and with only an annual meeting
of all delegates, the ULCC has a rather
lower budget than any «permanent» (I use the term loosely) provincial law commission, all
of which have a permanent staff, however small, and the general
costs of an on - going enterprise that releases full reports.
One option is for this type
of work to be outsourced to a
lower cost labour centre such as India.