Do our northern politicians understand prices and value added
well enough to make the right decisions?
Secretary of Education Spellings has arranged a panel to consider assessment alternatives that might include value added
One surprise was that some processing sectors that produced the most value added
per worker were the lowest in value added
as a percentage of total shipments.
Admittedly, payroll costs are a proxy for the value added
by any enterprise, but the tax paid by business suppliers is not directly recoverable by subsequent business purchasers.
Further analysis reveals that sales per employee is not the same measure as economic value added
The annual indexes are based on industry output in terms of current dollars, defined as value added
plus the cost of materials, reported in the Annual Survey of Manufactures; the current dollars are converted to constant dollars with deflators from the Bureau of Economic Analysis, which are based mostly on producer price indexes published by the Bureau of Labor Statistics.
The governments have to take a leading role with value added
," Canfield explains, since venture capitalists are hard to come by for small- and medium-sized companies.