Wages paid are simply not the same as cost of labour to the employer.
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The biggest cost councils can control is the cost of labour.
The wedge between an employer's cost of labour and a worker's net pay is a relatively modest 79% in America and 47% in Switzerland, compared with 200% in Italy.
Most businessmen were at first strongly opposed to the measure, saying that it would put up the cost of labour by 11% to make up for the four hours lost each week, squeeze productivity, prompt lay-offs and spread poverty.
You can debate the cost of Labour's "five point plan for growth", but given that a good part of it is funded through higher taxes on banks, the net impact is unlikely to be more than 1% of GDP.
Suddenly the president is talking of the high cost of French labour as a major problem, of the 57% of GDP spent by the state as excessive and wasteful, and of of the loss of sovereignty caused by hyper-debt.
It should be able to prune vines at about half the cost of manual labour, says Derek Morikawa, the chief executive of Vision Robotics.
He finds it hard to differentiate between the two countries, either in the quality or the cost of their labour.
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When domestic labour processing medical-insurance claims, for instance is replaced by Caribbean or Indian labour at a fraction of the cost, the hours of domestic labour are written off but the hours of foreign labour are not added back.
But the realisation that the cost of east German labour and production had priced itself out of the market quickened the spiral of joblessness and emigration.
Steel contractor Hollandia, was called in to replace CBUK, but no agreement was reached on the upper limit of the cost of steel and labour to Multiplex.
Weighing up the advantages of immigrant labour against the cost of supplying services to migrants is not easy.
Questions were also put on the rising cost of energy, with Labour MP Barry Sheerman saying that people wanted a "more visible, muscular effort to take on the energy companies".
One side-effect of the cost-cutting was a labour dispute in the summer of 1997, when short-haul cabin crews went on strike to protest against changes in their working patterns.
At the same time, it has a big agricultural potential as well as the availability of low-cost labour.
Rather, it is the cost to the manufacturer of the labour.
FORBES: If Apple Onshored iPad Production it Would Create 67,000 American Manufacturing Jobs!
The DfE said that free schools would cost a fraction of schools built under Labour's Building Schools for the Future programme.
We don't know the cost of the abortive trip yet but Labour MP Chris Bryant has said the decision to recall Mr Jones was a waste of money.
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The way would have been at least semi-clear for the sweeping reform of taxation, welfare and the labour market that high-cost Germany, with its unemployment rate of over 10%, badly needs.
The red tape involved in starting a new company, the cost of hiring and firing in a protected labour market, and the stigma that is still attached to those who go into business and fail, complete the picture.
Trying to limit the cost of subsidising jobs by imposing a minimum wage on employers, as Labour proposes, would merely reduce the number of jobs that employers will be willing to offer the long-term unemployed.
Mr Skaf and others argue that the real's strength underlines the case for structural reforms of taxes, pension, labour laws and infrastructure in order to cut the cost of doing business.
These comparatively high rates have been assumed as necessary from the beginning, due to the fact that the project activities must compete with high opportunities cost for labour caused by the strong presence of the informal sector.
It takes six times as long to obtain construction permits in Russia as in Sweden and, despite cheaper labour and land, the cost of building a distribution centre is a third more expensive than in London, according to McKinsey.
American steel is really two industries: a group of low-cost, non-unionised mini-mills and an array of unionised, capital- and labour-intensive integrated steel producers.
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He pointed to "record low interest rates" and a lower cost of government borrowing as a sign that the coalition was doing the right thing, and accused Labour of wanting "even more government borrowing" and of having "no credible response" to economic difficulties.
Now, after its investigation, the Commerce Department has decided that handouts of shares should count as a labour cost.
Conservative and Liberal Democrat councillors had called for a referendum which the Labour group rejected on grounds of cost.
Undeterred, in Magdalena Mr Cavallo said that he could slash Argentina's 14.5% unemployment rate through tax and labour reforms, and cut the cost of public services by competition in their provision.
And at this level, China works if anything in the other direction, because thanks to its low-cost labour force it can pump out goods of all kinds a lot more cheaply than just about anyone else (intriguingly, it even has the market for sex aids sewn up).
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