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To: mo
TQ: “The cost of labor is too high....”

MO: The return too low...

Ok, if the cost is too high then, obviously, the profit is low. Having made this profound observation, do you have anything more meaningful to say?

15 posted on 09/12/2010 9:45:10 AM PDT by TopQuark
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To: TopQuark

A way to look at the “cost” of a job is by the same amount of capital return parked in T-bills. A 40000/yr job requires the equivalent 800000 if T-Bills return 5%. If they return
1%....4 million dollars.

That’s what I mean by return too low.


17 posted on 09/12/2010 11:17:25 AM PDT by mo
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