Many are quick to dismiss the idea of adding value in Canada due to relatively high labour costs, but consider this: Germany generates approximately the same value within its borders as China. And the United States, with similar labour costs to Canada, adds the most domestic value of any country in the world. Value added through processing and manufacturing depends not only on the cost of labour, but also on the technical skill and knowledge required. theglobeandmail/report-on-business/economy/economy-lab/failure-to-add-value-to-resource-wealth-chains-canada-to-its-colonial-past/article15764194/?cmpid=rss1&click=dlvr.it#dashboard/follows/
Posted on: Wed, 04 Dec 2013 19:40:31 +0000
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