Even in North America, (Toyota's) factory labor costs are lower because it pays a bit less for labor and is not encumbered by excessive benefit costs.
More Quotes from Peter Morici:
Construction labor and construction materials will be at a premium because it's going to take so much to rebuild that area.Peter Morici
With crude oil prices soaring and China investing in new export capacity at a breakneck pace, the trade deficit will continue to pull down U.S. growth. Without a devaluation of the dollar against the Chinese yuan, U.S. growth will slow significantly in the second half of this year.
Peter Morici
The trade deficit remains the single most important tax on U.S. growth and burden on American workers.
Peter Morici
Stagflation is rearing its ugly head, ... Slower consumer spending and disappointing business investment are causing slower growth, high unemployment and wages that lag inflation.
Peter Morici
Interest rates going up just 2 percent would do it.
Peter Morici
This surge in consumer price inflation should not be seen as indicating a trend toward higher inflation but it will likely empower hawks at the Federal Reserve to successfully push for several more interest-rate hikes.
Peter Morici
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Based on Topics: America QuotesBased on Keywords: encumbered, toyotas
Men are pigs. Too bad we own everything.
Tim Allen
Lawyers are the first refuge of the incompetent.
Aaron Allston
Some of the things you read you get an immediate reaction to so I've stopped reading things now. I do worry about my family though. Some people do try some nasty things to get at them and try and get a reaction from them.
Russell Crowe