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Re: Competitive edge - too much nostalgia? [message #55964 is a reply to message #55962] Mon, 01 November 2004 07:29 Go to previous messageGo to previous message
Manualblock is currently offline  Manualblock
Messages: 4973
Registered: May 2009
Illuminati (13th Degree)
Thanks Bill; My question; do you think it is wages driving business away or is it benefits and pensions and healthcare requirements as well as environmental regulations. These issues combined absorb much more capital than labor wage costs. Just the requirements for funded pension liabilities alone is staggering. Regardless of what they tell you, that huge cash requirement is what cleared out the auto industry 30 yrs. ago. So whatta you think?

 
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