what is the cost of labor in the u s 
the cost of labor is the total compensation paid to and for employees including wages salaries benefits and payroll taxes it s measured by comparing costs incurred for various types of personnel from quarter to quarter or annually it increased by 1 2 for civilian workers in the first quarter of 2024 and by 4 2 over the previous 12 months as of march 2024 7the bottom linethe heckscher ohlin model emphasizes the benefits of international trade and the global benefits to everyone when each country puts the most effort into exporting resources that are domestically naturally abundant all countries benefit when they import the resources they naturally lack a nation can take advantage of elastic demand when it doesn t have to rely solely on internal markets the cost of labor increases and marginal productivity declines as more countries and emerging markets develop trading internationally allows countries to adjust to capital intensive goods production that wouldn t be possible if each country only sold goods internally 