"Part of the idea of these is that the private sector can extract better value than the government can, and some of that has to do with labor costs," she said, suggesting that since Ms. Hitchcock's role as the administration's top labor adviser could undercut cost-cutting efforts.
The trickiest part is that they are losing union density in the industry - with new plants and factories popping up outside of the main tea areas to provide stiff competition for the Kenyan tea market by undercutting costs using child labor and low wages.
Some retailers in the country have managed to undercut the cost, lower the entry level price of the handset by around $80 – but even at that price, it's still substantially more expensive than most.
For example, he argues it's better value than (also) London-based, Pi-powered learn-to-code computer kit Kano, noting that the full $135 (post-crowdfunding) retail price for the Pi-TopCEED will undercut the cost of the Kano kit ($100) plus its add-on 10.1in screen kit ($130) — so buyers will be getting a desktop Pi with a larger screen for close to half the price of the Kano alternative.
Subsidies undercut the cost of production in poor countries, making it harder for them to compete and damaging their efforts to establish viable agricultural sectors and move towards self-sufficiency.
But, without increasing their pay, he farms them out to private firms who are then able to undercut the cost of civilian labour and share their skimmed-off profits with him.
By 2025, they hope the research will mean that wind, solar and other forms of green energy will be able to undercut the cost of burning coal to generate power, making it feasible to keep within the critical 2C increase in global temperatures needed to prevent dangerous climate change.
However, the advantage was that Walmart would undercut the cost of Prime in exchange for this delay.
By doing so, it can massively undercut the cost of hiring a traditional financial advisory, and generally outperform human analysts.
It is argued that renewable energy technologies (RETs) have the potential to undercut the cost of current modes of electricity generation.
