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The Fall of the House of Labor
Townhall.com ^
| December 14, 2012
| Pat Buchanan
Posted on 12/14/2012 5:42:22 AM PST by Kaslin
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To: Kaslin
By outsourcing, they could produce for a fraction of the cost of doing so in the U.S.A.Econ 101: This is not true. The cost of a manufactured good can be broken down into:
- Materials
- labor
- Engineering
- Mgt and overhead
- Retail markup
- Advertising
- transportation
For the lion share of products the cost of labor is between 5 and 10 percent.
So even if labor was free the cost would not be "astronomically" reduced as some think.
21
posted on
12/14/2012 7:46:01 PM PST
by
central_va
( I won't be reconstructed and I do not give a damn.)
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