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Robert Reich: Fighting the Bullies (Corporate and Otherwise)
All Ears with Abigail Disney
How to Cut Labor Costs to Increase Profits
The financial economy exists at a level that is not real for most people. In the 50s and 60s, about 75% of a company's expenses went to labor in terms of paying wages. Today, it's closer to 65%. Most companies, therefore, when they want to increase profits, the first place they look is their labor costs.
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