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Ford, Renault and Volkswagen have all decided to expand production in Spain because of cheaper labor costs.
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But Grove acknowledged under questioning that the tech industry itself is responsible for numerous jobs leaving the United States, as firms take advantage of considerably cheaper labor costs in India and elsewhere.
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Second, it had cheaper labor costs.
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Factories where people thought they would retire packed up and went overseas, where labor costs were cheaper.
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Or to other Southeast Asian nations where labor costs are cheaper.
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The Times of India reported last week that visa restrictions were causing huge disruptions in the onsite activities of Indian IT companies, but quoted an unnamed source from one of the major IT firms in Bangalore that the program did keep labor costs down because temporary Indian labor was cheaper than temporary U.S. labor.
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Many international steel producers have the benefit of lower costs due to cheaper labor in steel producing regions.
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Labor costs are undoubtedly cheaper in the BRICs.
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Manufacturers, whether with only one or two production facilities or with all of their production outsourced overseas, are finding that, when all costs are considered, cheaper labor is often not enough for a dramatic savings.
FORBES: Magazine Article