And by lowering labor costs, corporate migration serves to keep inflation under control.
"It's about lowering labor costs," said Peter Gottal, a spokesman for Siemens, which is based in Munich.
For now, the companies appear willing to accept the strike as a step toward lowering labor costs and becoming more competitive with Wal-Mart and other "big box" stores.
"This was the only real option for lowering labor costs and increasing employment," said Kristin Dziczek, director for the labor and industry group at the Center for Automotive Research.
Here's the report's explanation of how layoffs would create jobs: "A smaller government work force increases the available supply of educated, skilled workers for private firms, thus lowering labor costs".
This, naturally, distorted the market, rebalancing it in their favor, and lowering labor costs inside the industry.
Such cooperation would allow papers large and small to share ad sales resources, marginally lowering labor costs.
In January 2014, Hollande proposed a "Responsibility Pact" aimed primarily at lowering labor costs in return for businesses' commitment to create jobs.
Instead of just taking the comparatively easy step of lowering labor costs by outsourcing, let's roll up our sleeves like the Japanese, improve manufacturing techniques and reap the benefits of keeping more production and technology closer to home.
While Circuit City's offer to hire many of those salespeople back at lower wages puts a surreal twist to the tale, in fact, the company is just one of many trying to gain competitive advantage by lowering labor costs.
Although hiring credits should spur labor demand by lowering labor costs for employers, earlier research generally reaches negative conclusions about their effects, echoed in standard labor economics textbooks (e.g., Borjas, 2010, and Ehrenberg and Smith, 2009).
