The recession that started in 2008 produced a surprise for some manufacturers-- the number of...
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The recession that started in 2008 produced a surprise for some manufacturers-- the number of jobs lost was actually lower than in previous recessions. Between 2000 and 2008 many factories adopted lean manufacturing practices that relied less on large numbers of low skilled workers, and more on machines and a few highly skilled workers. Because the employees are highly skilled, employers are reluctant to lose them. Would you characterize labor costs as being a fixed cost, a variable cost, or something else in this situation?
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