A Quote by Gavin Newsom

If high-wage, high-cost nations like Germany and Japan can compete on exports, California can. — © Gavin Newsom
If high-wage, high-cost nations like Germany and Japan can compete on exports, California can.
Germany is a fascinating role model. The Germans have maintained their manufacturing edge despite being a high-tax, high-regulation economy. Why? Because the government really set about ensuring that it maintained funding for technical training, technical advancements and programs. It made a concerted effort to retain high-end, complex manufacturing -- the kind of BMW model, if you will. And they've done that so successfully that Germany, which has a quarter of America's population, exports more than America does.
What Americans desperately need is a way to transition from the current system - which is fragmented and focuses on high-cost, high-tech interventions after illness strikes - to a modern system that delivers coordinated, high-touch, lower-cost, patient-centered care with an emphasis on primary care and prevention.
The U.S. dropped more high explosives on Vietnam than the Allies used on Germany and Japan together in the Second World War.
Globalisation means that for a high-wage, developed economy like Britain's to compete we need to focus our efforts on the highly skilled, added-value sectors such as advanced manufacturing, creative industries, engineering and even financial services.
We hear a lot about rebuilding Detroit, and we just spent $70 billion to bail out the auto industry - well, they need to be cost competitive, too. If they have high-cost energy, those suppliers are going to move to Japan or Mexico instead of Michigan and Tennessee.
In addition to this, they already have a fuel cell car on the road in Japan. It is subsidized from within the corporation because they are still at a high cost.
The impact of a minimum wage depends on how high it is to average wages. If you have too high a minimum wage, it will hurt job creation, and you will have negative job effects.
The cost of the high-cost economy remains too high.
Being an American doesn't mean that you're guaranteed a high wage. You have to be productive, and we have to create a very low-cost, efficient place to do business, and we've let all that slip in America.
A credit card sometimes adds to the high cost of living but more often to the cost of high living.
What we're seeing is that even in high poverty neighborhoods, the average cost of renting is quickly approaching the total income of welfare recipients and low wage workers.
Canada's total exports into global markets reached a record high of $528.8 billion in 2014, the last year with fully available figures. A mere $18.8 billion of those exports went to China.
Now, California is a big state, we're a very diverse state, full of diverse communities with local variations in the cost of living and local business conditions. Just like the rest of the country. And let me tell you, the sky did not fall when California enacted a $15 minimum wage.
When the press writes scare stories about the global labor supply draining jobs from rich to poor places, the story is usually presented as a "race to the bottom" simply in terms of wages. Capitalism supposedly looks for labor wherever labor is cheapest. This story is half wrong. A kind of cultural selection is also at work, so that jobs leave high-wage countries like the United States and Germany, but migrate to low-wage economies with skilled, sometimes overqualified workers.
What some people mistake for the high cost of living is really the cost of living high.
There's high, and then there's high, and to get really high--I mean so high that you can walk on the water, that high--that's where I'm goin'
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