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GM Has Announced 25,000 Layoffs and Other Industries Face Similar Benefits' Cost Burdens
The Christian Science Monitor 
June 10, 2005
Excerpt: An increasing part of production costs in America comes from the price of promises. There are corporate commitments to provide a pension - some 44 million Americans get a monthly check - that add up to as much as $124 billion a year. There are also healthcare benefits that many companies have agreed to provide, either voluntarily or by union contract, at a cost of billions more each year.
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