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Questions tagged [labor-cost]

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28 views

Labor time and the exchange value (Marx). What about the quality of the raw materials?

Karl Marx writes in his book "capital", that the exchange value of a commodity is determined by the necessary average labor required to produce the commodity. The labor is measured in time. Here's my ...
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1answer
32 views

How Switzerland has significantly high cost of living as compared to its neighboring countries?

Despite being a small country (area-wise), how Switzerland can sustain a high cost of living? I get the logic that the pay of employees would be proportionally higher, so they can sustain a high ...
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0answers
19 views

Why doesn't the concept of employee engagement work in practice? [closed]

The concept of employee engagement looks like an overwhelming obvious way of improving business performance, yet since the mid-nineties, and after spending billions on engagement improvement systems, ...
2
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1answer
104 views

What economic factors should be considered in attracting suitable staff and determining pay for temporary project work?

Getting qualified workforce for temporary projects can be difficult. If found from within the organisation, they may have to abstain from their regular work, and this may create additional ...
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0answers
121 views

Marginal product of high skilled labour

When plotting the total product vs input graph of an economy before and after a technological change which would employ more high skilled workers and less low skilled workers, would the plateau of the ...
7
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3answers
143 views

Why don't prices of USA labor and Mexican labor equalise?

That Mexicans workers get paid less US workers is a dynamic which motivates the moving of production to Mexico. This idea can be abstracted to Developed Markets (DM) labor and Emerging Markets (EM) ...
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1answer
44 views

What is the maximal theoretically possible wage increase here and now (ceteris paribus)? [closed]

Labour unions are pushing for wage increase but what is maximal theoretically possible wage increase here and now - without restructuring production, processes and without introduction of new ...
6
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2answers
91 views

Minimum Wage effects on Adjacent Cities

When a city like Seattle raises the minimum wage to 15/hr, how does it affect the labor market in adjacent cities? Are there examples, studies or accepted practices to address: Difficulty staffing ...
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0answers
16 views

Where does one find unit labor costs of multiple countries?

I would like to compare the purchasing-power-parity adjusted unit labor costs of country X to countries A, B, and C. Yet everywhere I search (the OECD database and the Federal Reserve database, for ...
3
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1answer
61 views

Are BLS labor productivity measures in current dollars or constant dollars?

I am using BLS labor productivity measures to estimate the impact of automation in the US. Looking through the BLS handbook and online, I haven't been able to determine if the LPC measures are in ...
1
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1answer
95 views

Structure of Non-profits and Moral Hazard

When one looks at a Non-Profit Organization there are three main things people notice. 1.They are an Income tax exempt organization 2. They are primarily financed by donations 3.They are heavily ...
5
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1answer
106 views

Why is sugar cane still harvested manually in Brazil?

I read that up to 70% of Brazil's sugar cane in the Sao Paulo area is still harvested manually. Some workers are paid $1.50 per tonne. Why is it still being cut manually? Some possibilities: (1) farm ...
3
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1answer
112 views

Value added by workers

Is there any empirical evidence on the value added by workers? That is, their "productivity" minus the wage payments, social security benefits etc. that are paid by the firm? I'm eventually looking ...
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3answers
91 views

How bad is piracy hurting the entertainment industrie's economy? Are they going bankrupt or have a good outlook?

By entertainment I mean book publishing, music uploads like on iTunes or even movies whether DVD, Blue Ray, Netflix, Hulu whatever. So much is moving online, that's the future. Piracy cannot be ...
4
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0answers
3k views

Difference between embodied and commanded labor in the Labor Theory of Value?

Could the difference between "labor embodied" (production cost in labor value) and "labor commanded" (selling price in labor value) as described in the labor theory of value be attributable to the ...
0
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1answer
207 views

The Myth of Exploitation According to the Labor Theory of Value

According to the Labor Theory of Value, a good is worth as much as the labor put into it. We might then go further and assume that the labor put into it was as valuable as the goods used to fuel that ...
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3answers
731 views

Why did creating the Eurozone cause the cost of labor to rise in Greece?

As I understand the implementation of the Euro as a common currency caused labor prices to spike in certain countries, Greece being one of them. Why did this happen? Why did it affect certain ...