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But a profusion of new manufacturers, most of them in Asia, has driven cost and quality much lower than that.
We have and will continue to offset as much of this currency impact as we can through productivity driven cost savings.
Total energy use per dollar of goods produced is down, as are gasoline use per mile driven, cost of energy services (from lighting to refrigeration) and greenhouse gases emitted.
But EPA's internal analysis suggested the opposite — that freezing the Obama-era rules would lead to slightly more fatalities (seven for every trillion miles driven), cost jobs, and in economic terms, have a net negative impact of $83 billion.
"We believe risk/reward is now neutral in light of lower consumer (iPod) revenue contribution, ho-hum storage results so far in the first quarter, and substantial restructuring driven cost savings already reflected in consensus models," wrote analyst Craig Berger in a report today.
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This is a highly managerial, technology driven, cost-saving world with poor leadership.
Competition has also driven costs down.
Technology has driven costs down but, in the words of Bernstein Associates, "eventually the rocks win".
High quality has driven costs down, not up.
Research protocol driven costs were excluded.
What drives cost on a college campus is your human capital, and especially the teaching faculty.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com