View Single Post
Old 12-06-2012, 02:50 PM   #196
vailpass vailpass is offline
Yah Mules!
 
vailpass's Avatar
 

Join Date: Sep 2001
Casino cash: $99234686
Quote:
Originally Posted by Ugly Duck View Post
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.
__________________
It don't matter what line we hand you
When we come a crawlin' in.
We ain't wrong, we ain't sorry,
An' it's probably gonna happen again.

T. Byrd
Posts: 36,514
vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.
  Reply With Quote