Discussed in these Forum posts:

Who advises G.Reinhart one wonders??
Anyone who has done economics 101 will have passing knowledge of cost pressures economies of scale supply chains etc.
But getting her comparison of labour costs in Africa as in your face comparison ($2.00 per day) - from the ABC news this morning - I was stunned.

The first thought - was this $2.00 a day before or after miners had been shot, a number killed and then accused of the murder??

Is using African labour costs at $2.00 a day with fresh news of miners being shot to death in a speech good advice??

I reckon the foot in mouth analogy has 'plummed' to a new level.

AP
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2012-09-08 17.26.59

NSW

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