Rising Labor Costs of Production

Paper Summary:

This paper discusses how a tight labor market has affected U.S. manufacturers. It then goes on to suggest measures that U.S. manufacturers can take to anticipate changes in the labor market. The paper discusses the different factors affecting the rising cost of production. It concludes by suggesting that successful corporations have been able to anticipate rising labor costs of production and have also been able to enjoy record profits by passing on the burden of increased costs of production to their consumers.

From the Paper:

"Corporate America is finding it difficult to maintain its lofty profit margins because higher wages are squeezing corporate profits. More concrete data now confirms this trend. In this paper, I discuss how a tight labor market has affected U.S. manufacturers and measures U.S. manufacturers can take to anticipate changes in the labor market."

Sample of Sources Used:

• Economics and Financial Indicators, The Economist. Sept. 16 - Sept. 22, 2006: 112-113
• United States Bureau of Labor Statistics. 6 October 2006. U.S. Department of Labor <http://www.bls.gov/>
• National Association of Business Economics. 8 October 2006. <http://www.nabe.com/>
• James, Cooper. "Why the Labor Markets Could Ignite Inflation." Businessweek. September 18, 2006: 25-26
• Browning, E.S. "Wall Street Shrugs Off The Slowdown." Money & Investing, Wall Street Journal. October 9, 2006: C1

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