KillerApps Macro: Labor Market
Detroit Three's two-tier wage system may be the answer to the cost advantage of transplanted auto makers.
Lower-pay certified doctors, duly accredited facilities, and 5-star facilities have contributed to the comparative advantage of overseas hospitals in non-emergency big-budget surgeries for international patients.
Niche comparative advantage in location proximity and fast response time could overcome the disadvantage of high wages in the garment industry.
Labor is increasingly globally sourced due to aging populations and lagging labor productivity in developed countries.
Cheap immigrant labor has kept labor-intensive lettuce farming in America that should perhaps have been offshored or mechanized.
American companies are increasingly outsourcing back-office and software design work to highly skilled but lower-cost English-speaking foreign workers.
Total 6 records
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