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Jet fuel and labor account for nearly half of revenues.
They find that dispersion in the marginal products of capital and labor account for the low measured productivity in the manufacturing sector of these countries.
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The labor accounted for an additional $700.
Nationally, organized labor accounted for about 13.9percentt of all working people, unchanged from 1998.
And with labor accounting for roughly 60percentt of most grocery companies' fixed costs, differences in pay scales can be deadly.
"Because labor accounts for the vast majority of operating costs," he said, "even small savings in labor costs translate into large improvements in financial performance".
Although direct labor accounted for only 10% of manufacturing costs, nearly 40% of the productivity budget was allocated to upgrading direct-labor efficiency.
Agricultural labor accounts for only a small share of the cost of most foods: about 1.6 cents of every dollar on average, according to the USDA.
One U.S. plant manager discovered that nearly 40% of his company's productivity-improvement budget was allocated to upgrading direct labor efficiency even though direct labor accounted for only 10% of manufacturing costs.
Because labor accounts for more than half the typical call center's costs, companies are investing heavily in better self-service technologies, including both Web- and phone-based systems.
If we can design a manufacturing process in which direct labor accounts for less than 10% of total costs, there is nothing to stop us from building a product in Switzerland, the most expensive country in the world.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com