Your colleagues which countries have the lowest wages

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Reference no: EM131649766

One of the reasons that firms seek to employ people in other countries is the relative cost of labor. Visit the US Bureau of Labor Statistics website and scan the available comparison data for international compensation. Discuss with your colleagues which countries have the lowest wages? Which have the highest? Why wouldn’t companies always locate their operations where labor costs are the lowest? Support your original ideas with outside research.

Reference no: EM131649766

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