This visibility allows them to match labor capacity, labor productivity and skill sets to demand, reallocating labor resources as necessary to meet deadlines, maintain customer satisfaction, and maximize profitability.
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Meanwhile, the market has squeezed out many inefficiencies of unionized low-skill labor.
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When low-skill labor is made more expensive, people hire less of it.
According to MyVisaJobs.com, a news and information portal for high-skill labor worldwide, these are the top 15 importers of knowledge workers and what they are paying them, on average.
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Now, a lot of the outsourcing that was referred to in the question really has to do with the fact that our economy -- if it's dependent on low-wage, low-skill labor, it's very hard to hang on to those jobs because there's always a country out there that pays lower wages than the U.S. And so we've got to go after the high-skill, high-wage jobs of the future.
By expanding immigration for low-skill workers, we restrain labor costs and reduce out-migration of manufacturing and other business.
Besides making sound investment decisions, Folz has been an effective manager of people, a particularly important skill in countries with restrictive labor laws.
In industry after industry when minimum prices are set on labor either capital ends up getting substituted through investment in labor-saving technology or low-skill jobs move overseas.
No surprise that contract manufacturers for electronic gear have sprung up in Malaysia and China, where skill levels are high but labor costs only a fourth what it does in the U.S. GM's former parts-making subsidiary, Delphi, which opened its first plant in Mexico in 1978, now has 55 plants there.
Big labor and big business were at a standoff over wages for low-skill workers and which industries would be included.
More than any Labor leader before him, this one has recognised the Howard government's skill in appealing to those who live in the suburbs and worry more about how to bring up their children than about grand political gestures.
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The wealthy city-state has been working for years to become a regional education hub and enhance its citizens' skill sets to spur more innovation and to make residents more attractive as labor for multinational companies.
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