As capitalism enriches capital at the expense of labor and Wall Street at the expense of Main Street the winners are busily erecting anticompetitive toll gates all across the economic landscape, be they in the form of lower borrowing costs enjoyed by the still-too-big-to-fail banks or the higher health insurance premiums facing small businesses.
Labor is where the big expense lies, and labor is where the axe almost always comes crashing down.
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Although the company buys in bulk from regional suppliers, groceries are the biggest expense after labor, and the most unpredictable.
Workers bewail unfair labor practices and seek protection and advantage from government-backed labor unions at the expense of their employers and consumers.
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The Labor government, which opinion polls suggest will lose the Sept. 14 election to the center-right Liberal Nationals, has said some companies are exploiting the rules to hire cheap labor from overseas at the expense of Australian workers.
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Interchange fees typically are the biggest expense for merchants after labor.
Even if there are positive spillover benefits from increased home ownership, these come at the expense of greater frictions in the labor market.
No expense is harder to control than labor, typically accounting for 25% to 35% of costs in such mine construction and most of the overruns.
Not counted in its income and expense accounts: the value of donated labor, which is a central part of this charity.
And the only direction they will have to go, the only true expense they can control, will be to reduce their labor costs.
But airport costs like terminal rents and landing fees and even the expense of buying or leasing jets, pale in comparison to the two biggest expenses at airlines: labor and fuel.
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