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Illegals have lots of fans, including many in business and agriculture (who like their low labor costs) and in the liberal media (which see them as heroic underdogs).
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Unlike major corporations, which can often absorb increases in labor costs, small-business owners typically have few options for coping with higher wages, particularly when the economy is weak.
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More to the point, if the Fed doesn't print too much money, an increase in labor costs would only result in a squeeze on corporate profits, which management could deal with by boosting productivity.
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Or you could take the austerity, downsize your labor costs, and borrow more money, which would mean even larger debt service in a few years.
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Moreover, the trend growth in unit labor costs is less than 1% annualized, meaning there is a cap on wages which is a drag on consumer spending.
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We also incorporated Economy.com's business cost index, which looks at labor, tax, energy and office space costs and its living cost index, which factors in housing, transportation, food and other household expenditures.
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The restructuring process, which began in 2009, is expected to reduce manufacturing costs, increase efficiency, facilitate far more flexibility in labor requirements, and will also help reduce product development time by 30% that will enable the company to launch new models faster.
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