In U.S., a Cheaper Labor Pool - WSJ.com
Adjustments are being made through the free market place. US labor is being made more valuable through better productivity and the balance is starting to have some positive impacts. Please note, that is is not government that is doing anything to make things better....
U.S. manufacturing labor costs per unit of output in 2010 were 13% below the level of a decade earlier as workers became more productive, according to the U.S. Bureau of Labor Statistics. The U.S. outperformed Germany, where unit labor costs increased 2.3%; Canada, where they rose 18%, and South Korea, up 15%.
In U.S., a Cheaper Labor Pool - WSJ.com
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