Slowly and painfully over the next year and a half, he came to understand that labor relations, productivity, dust abatement, profitability, health, and safety were all aspects of the same issue business integrity and he launched a half-million-dollar program to replace or rebuild nearly all the safety equipment in the building.
Not because making labor cheaper increases the quantity of labor demanded — Keynes understood that point perfectly long before he even wrote the General Theory: Or again, if a particular producer or a particular country cuts wages, then, so long as others do not follow suit, that producer or that country is able to get more of what trade is going.
To understand that balancing labor and capital is essential is to understand the root cause of modern political strife and is equally to understand what governments must be able to do to resolve that strife.
Slavery was the "curse of curses," Austin said in 1831, but he had long understood that slave labor was the economic engine that would power prosperity for the territory.
He said that Sotomayor shrewdly understood that although labor law permitted each side in a negotiation to choose its representative, the competition among clubs for players' services would have been diminished if all deals were negotiated by the commissioner's office.
Laboring over a painting for weeks and months and years—I don't understand that.
For 80 years, until now, it was well understood that capital and labor are not equal and that in part government needs to promote collective bargaining or it will disappear.
"But China is a collection of special interests," he said, "like the U.S". Leaders understand that suppressing labor unrest may help economic growth in the short term by holding down wages and thus the price of exports.
For biomedical obstetric services to be valued, the community must understand that obstructed labor is a physical impasse that develops from abnormal obstetrical mechanics which can be reliably corrected by an appropriate mechanical intervention if that intervention occurs in a timely fashion.
From what I understand, several fruits of that labor will be making their way into the IBM / Vodafone deal, too, which makes sense, considering Vodafone's position as a mobile carrier and the iPhone making some strong headway into the business market.
A generation ago, leaders in business, government and labor all understood that national prosperity depends on a vibrant middle class growing from the bottom up.
