Originally Posted by Ugly Duck
Arithmetic, me bucko. Look at the numbers. Wages are at record lows... so low that the employees are on welfare & are subsidized by taxpayers & money borrowed from China. Meanwhile, profits are at record highs. You can't look at those two factors and see any relationship at all?
Bill Clinton explaining the importance of simple arithmetic:
No shit. Payroll is an expense. The lower you can keep payroll while maintaining productivity the better your business. I have a buddy whose consulting firm does nothing but tell businesses how to reduce/replace their headcount.
What I'm laughing at is you saying "they'd just have to take a little bit less profit" as if that's a sane option.
BTW I didn't watch the Clinton video you posted but I hope it mentions him being lucky enough to be around for the dotcom boom and strong economic climate and being luckier still to have gotten out before the housing bubble he helped create burst all over the place.