Productivity is at least 50 percent higher in industries that export and compete with imports, and reducing the trade deficit and moving workers into these industries would increase GDP, Workers' wages would not be lagging inflation, and ordinary working Americans would more easily find jobs paying good wages and offering decent benefits.
More Quotes from Peter Morici:
These employment gains indicate strong first-quarter economic growth, in the range of 4 percent.Peter Morici
GM's 'employee discount' promotion established GM can sell vehicles if it sets prices at what consumers are willing to pay and makes those prices clear. Unfortunately, the public is not willing to pay what it costs to make GM cars and trucks.
Peter Morici
If you look at the cash on hand and the market value of the stock, it means that investors' view of the company is that it has no value if you take out the cash.
Peter Morici
You couldn't say the number was completely unexpected.
Peter Morici
Companies cannot provide gold-plated healthcare benefits and open-ended pension commitments,
Peter Morici
The overvalued dollar will contribute mightily to the US trade deficit until the Bush administration takes decisive action.
Peter Morici
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