Employees need to stop touching the products. Trust me on this one.
June 9, 2011
Companies Spend on Equipment, Not Workers
“I want to have as few people touching our products as possible,” said Dan Mishek, managing director of Vista Technologies in Vadnais Heights, Minn. “Everything should be as automated as it can be. We just can’t afford to compete with countries like China on labor costs, especially when workers are getting even more expensive.”
Sorry, just more gallows humor. Sigh.
FOMC Projections: GDP and Unemployment Revised Up; Inflation Down
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Statement here.
Fed Chair Powell press conference video here or on YouTube here, starting
at 2:30 PM ET.
Here are the projections.
The BEA's estimate f...
5 hours ago
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