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The new approach replaces a two-decades old system of paying agencies a fixed fee for labor, regardless of results.
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Historically, the margins have risen over the years since the sales growth has outpaced the rate at which the fixed costs (such as labor and occupancy costs) have increased.
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The plants earn a fixed percentage of sales, a labor rate Thor won't reveal.
FORBES: Lord of the Rigs
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There are "worries and fears" in Southern European countries that their efforts to reduce unit labor costs under a fixed exchange rate will "melt like snow in the sun, " Ms. Merkel said.
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The purpose of our patent system is to allow the inventor, for a fixed period of time, to reap the fruits of his labor.
FORBES: Fact and Comment
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Even if you hold everything fixed, there will be workers elsewhere in the world who at given the current supply and demand for labor in the U.S., and the resulting market wages, will find it optimal to move here and be hired.
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The way to meet our demographic challenge is to keep people in the labor force longer, Mr. Shultz says, and not fall for European notions that there is some fixed amount of work to be divided up.
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