Your Business: Hourly Rate Survey

Your Business: Hourly Rate Survey

By Matthew H. Naitove

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Hourly Rates Dipped Again at Midyear

Custom injection molders' machine-hour rates dipped 1.3% on average in the second quarter of the year, according to 122 plants responding to our latest semi-annual survey. Rates have been dropping since the end of 2000. About 12% of respondents said their rates were lower in the second quarter than in the quarter before. Only 5% raised rates, and 83% did not change them at all.

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