The Devil is in the Math
however, the math is skewed. The poster includes the total cost of replacement labor in the computation. Since the locked out employees are not paid for being locked out, the labor cost figure does not belong in the calculation. The proper analysis would subtract the normal labor costs from the actual labor costs to ascertain the increase caused by the lockout.
This entry was posted on at 5:52 AM and is filed under economic analysis of strike, effects of lockout, labor costs, replacement labor, reporting of labor disputes. You can follow any responses to this entry through the RSS 2.0. You can leave a response.
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