Word: cheaping
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...there are reasons to question how effective and efficient such a program would be. First of all, it is misleading to imply that companies aren't hiring because workers aren't cheap enough. As Dale Mortensen, a professor of economics at Northwestern University, points out, workers are a real bargain right now. Unit labor costs - how much a company has to pay people to produce a unit of whatever it is that the company makes - have been flat or falling for all of 2009. Between the second and third quarters, labor costs dropped at an annual rate...
...that kind of freebie is one sign that these trips ain't cheap. Prices for the one- to two-week tours range from $2,289 to $6,529 per adult and $2,069 to $5,869 per child. That breaks down to $381 to $544 a day, including hotel, some meals, transportation, tours and activities, but not airfare. On average, Disney packages cost roughly 10% more than other similarly posh family tours. "I am a Disney fan, but I must say, I was shocked by their pricing," says travel-guidebook writer (and mother of two) Pauline Frommer. "They...
...ship in nearly everything used on building sites, from packs of dehydrated noodles to the telltale pink-hued Chinese toilet paper. It's not only the contracted Chinese workers who show up, either. Within a few years, their relatives invariably seem to materialize to set up shops selling cheap Chinese goods that threaten the livelihood of indigenous entrepreneurs. Locals who do get work on Chinese-funded projects complain that their bosses don't heed national labor laws ensuring minimum wage or trade-union protection. Over the past three years, anti-Chinese riots have erupted everywhere from the Solomon Islands...
...auction's failure was due in part to the government's inflexibility. Baghdad is under pressure by Iraq's feisty oil unions and politicians, who have accused leaders of aiming to sell the country's riches on the cheap to gain a little short-term relief for the economy. Oil executives argued they should be paid as much as $3.99 a barrel - nearly double the government offer - because of the risks involved. Operating in Iraq means investing billions in an unstable country where foreign oil workers are routinely kidnapped and insurgents have blown hundreds of holes in pipelines. Rochdi Younsi...
Since a ten-dollar limit was imposed on all gifts, students were encouraged to be creative in their searches for the perfect (cheap) gift, said Bloom, who gave her lucky target a photoshopped picture. One student was given, well, a box of tissues—perhaps the fact that his Super Sexy Secret Secular Santa is competing against him for a leadership position sheds some light on that particular transaction...