Over the past five years, Canadian workers have become relatively more expensive than Americans, when the currency and amount of production is taken intoWhen Hillary going to talk about the costs of New York state Medicaid fraud?
account.
Unit labour costs (which measure the cost of production per worker, factoring in both wages and productivity) in the United States have risen a total of 2 per cent in the past five years. From an American point of view, unit labour costs in Canada have skyrocketed a total of 52 per cent, once the loonie is converted to U.S. dollars.
Ms. Clinton zeroed in on the scheduled closing of a Ford
assembly plant in Wixom, Mich., which is shifting some production to St. Thomas, Ont.
"It's a job issue as well as a health issue," she argued. "We've got to get those health care costs under control because that's one of the excuses people use for moving jobs."
However, while the St. Thomas plant may have added some of the Wixom production, St. Thomas actually cut jobs by eliminating one out of two shifts, and its own future is precarious.
Saturday, June 23, 2007
A reality check for Hillary Clinton's Labor Costs
Globe and Mail reports: