Tag: labor costs

Railroads Have Invested Heavily in Congress. They Need Their Payoff in the Senate.

Tina Marie (Ms. Cat)

A showdown over a looming railroad strike heads to the Senate floor this week, after a group of progressive Democrats, led by Rep. Jamaal Bowman, D-N.Y., pushed to modify a tentative agreement to include seven days of sick leave. The expanded agreement passed the House 220-206 on Wednesday, and the fight now moves to the Senate, where it remains unclear if there is enough Republican support to overcome a filibuster and send the agreement to President Joe Biden’s desk.

Railroads Have Invested Heavily in Congress. They Need Their Payoff in the Senate.

Related:

Why America’s Railroads Refuse to Give Their Workers Paid Leave

The answer, in short, is “P.S.R.” — or precision-scheduled railroading

‘China exit’ limited to some American sectors — and not for home

Tina Marie (Ms. Cat)

‘China exit’ limited to some American sectors — and not for home

Even for companies moving out of China, “rising labor costs are most usually the trigger,” according to Goldman’s research — a trend long predating the trade war.

Although China is no longer as competitive as many other emerging economies for labor-intensive industries, its overall advantage in manufacturing remains intact, according to Goldman.

The common perception is that “the huge domestic market, complete industrial supply chains, and good infrastructure are most attractive to foreign manufacturing investments,” the report said, echoing Musk’s sentiments.

“When asked about top locations for moving out of mainland China, Vietnam and India are the most mentioned destinations,” according to the investment bank.

American companies’ reluctance to reshore shows how Trump’s aggressive stance on trade with China has done little to fulfill his pledge to bring manufacturing jobs back to the U.S.