A successful corporation, Americans are led to believe, has to be ruthless in cutting labor costs or run the risk of joining a long line of failed companies that reacted too slowly.

Source: https://www.latimes.com/opinion/story/2023-01-17/tech-layoffs-stress-trauma-unemployment-economy

Development teams in countries with lower labor costs can provide high-quality work at a fraction of the price of hiring a local team.

Source: https://www.pensacolavoice.com/mvp-strategies-for-startup-development/

Employee demands for more hours are also understandable given the needs of those struggling to make ends meet, but even this can destroy a business whose owner is trying to control labor costs.

Source: https://www.pressherald.com/2023/08/22/commentary-why-brunswick-no-longer-has-a-main-street-coffee-house/

Ford estimates that its labor costs are 25% than Tesla’s and could jump even higher if the UAW gets its demands.

Source: https://dailycaller.com/2023/10/07/cast-long-shadow-uaw-strike-costs-billions-losses/

Gibbins Advisors last month that bankruptcy filings for healthcare companies nearly doubled in 2022 compared to the prior year which it attributes to a “COVID hangover” resulting from waning government support and higher labor costs.

Source: https://seekingalpha.com/article/4575404-fed-blinks-finally?source=feed_all_articles

"If Varroa mite becomes an endemic, there will be an increase in labor costs, costs around production will go up, and we would have to start using some form of treatment on hives.

Source: https://www.areanews.com.au/story/8325576/beekeepers-farmers-on-edge-following-varroa-mite-detection/?src=rss

In a 2023 Capterra survey of 300 human resources leaders, 98% of surveyed HR executives said they will employ software and algorithms to reduce labor costs.

Source: https://www.forbes.com/sites/jackkelly/2023/11/04/how-companies-are-hiring-and-firing-with-ai/

In addition, the steady tightening in the labor market for those employed at our production facilities may continue to lead to increased labor costs.

Source: https://seekingalpha.com/article/4630923-john-b-sanfilippo-and-son-inc-jbss-q4-2023-earnings-call-transcript?source=feed_all_articles

In addition to improved security measures, desktop management software also allows organizations to save money by reducing manual labor costs associated with setting up and managing computers.

Source: https://www.devicemag.com/desktop-management-software/

I should note that we have implemented cost-reduction initiatives throughout the company, including travel, outside services, labor costs and overall cost-saving opportunities, which are expected to enhance profitability.

Source: https://seekingalpha.com/article/4577453-motorcar-parts-of-america-inc-mpaa-q3-2023-earnings-call-transcript?source=feed_all_articles

It may be more applicable to hiring employees from countries with lower labor costs.

Source: https://seekingalpha.com/article/4595829-upwork-growth-still-work-in-progress-liquidity-and-sustainability-are-excellent?source=feed_all_articles

Lawler said the company would need to identify new cost cuts and efficiencies to cover the agreement, which will add an estimated $850 to $900 in labor costs per vehicle.

Source: https://business.inquirer.net/429016/ford-estimates-us-strike-impact-at-1-3b

Nearly every sector has an interest in AI's potential to improve efficiency and cut labor costs, along with concerns AI could spread misinformation or factual inaccuracies, what industry insiders call “hallucinations.”

Source: https://www.gadgets360.com/internet/news/openai-chatgpt-offers-usd-100000-grants-ideas-on-ai-governance-4068201

One consistent trend we see underneath everything is parts and labor costs continuing to rise.

Source: https://seekingalpha.com/article/4595043-travelers-companies-inc-trv-q1-2023-earnings-call-transcript?source=feed_all_articles

Ordering kiosks and customer-facing tabletop devices can reduce labor costs, decrease order wait times and improve accuracy.

Source: https://www.postandcourier.com/business/sc-restaurants-embrace-tech-as-worker-shortage-persists/article_c5a87a22-9e6c-11ed-ae43-535c819462be.html

Other data from the Labor Department on Thursday showed a marked slowdown in labor costs in the second quarter, thanks to a sharp rebound in worker productivity.

Source: https://gazette.com/news/us-world/us-labor-market-still-strong-worker-productivity-rebounds/article_a3679d9b-43e5-5cb6-979a-1c947f183b65.html

Our cost of revenues, which consists primarily of raw materials and labor costs, increased to $163 million in 2022.

Source: https://seekingalpha.com/article/4594845-spi-energy-co-ltd-spi-q4-2022-earnings-call-transcript?source=feed_all_articles

Self-driving cars reduce the number of vehicles on the roads; Optimus robots reduce labor costs in building new cars.

Source: https://jalopnik.com/tesla-investor-day-23-musk-master-plan-end-fossil-fuel-1850175956

Services prices typically change more slowly than the cost of goods, because they largely reflect labor costs, which aren’t directly affected by interest rates.

Source: https://globalnews.ca/news/10090241/inflation-us-federal-reserve-interest-rate/

SG&A costs also grew by some $5.7 million in the quarter, as labor costs spiked in cost compared to last year.

Source: https://seekingalpha.com/article/4568849-americas-car-mart-down-but-not-out?source=feed_all_articles