On Jan 4, 2016, Jon Elson wrote
(in ):

Joseph Gwinn wrote:

"Wages With Minimal Wiggle Room€�, Andy Puzder (CEO of CKE Restaurants),
WSJ page A13, 28 December 2015.

A useful datapoint in the ongoing debate on the minimum wage:

.http://www.wsj.com/articles/wages-with-minimal-wiggle-room-1451259371
The punch line is: "The per-employee profit at Apple is $407,000. For big
retailers, its $6,300. No wonder Wal-Mart feels the pinch of its pay
increase.€�
Well, that's the difference between MAKING something, and merely SELLING
something made by somebody else.

But we need both kinds of company.


But, I'm also guessing that the per employee figure does NOT include the
(many) thousands of people at FoxConn in China that are building Apple's
products.

It does not. But then again, neither does CKE Restaurants include the people
employed by the companies that provide the raw food and the kitchen equipment
equipment used to produce the meals they sell.

More generally, each company must do its own cost-benefit calculation when
considering hiring or laying off employees.

Joe Gwinn