Producer prices go up, so manufacturers will look to cut costs

<![CDATA[The Producer Price Index jumped 1.7 percent in October, suggesting that manufacturers and every other organization up and down the value chain will start looking for savings, and where does that usually start but with labor? Not a good sign for the working families, who are not only paying more for energy (up 6.8 percent in just one month) and food (up 1.6 percent), but will feel the squeeze in their paychecks, too.
Before the economic magic of seasonal adjustment, finished goods are 4.4 percent more expensive than a year ago and energy costs are up 17.2 percent. Good times in Bushland. Can you taste the opportunity, the success?]]>