Wages With Minimal Wiggle Room
 

"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.€�

Joe Gwinn

Wages With Minimal Wiggle Room
 

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, 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.

Jon

Wages With Minimal Wiggle Room
 

On Monday, January 4, 2016 at 10:31:17 PM UTC-5, Jon Elson wrote:
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, it's $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, 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.

Jon
What does Apple "make"? They just slap their brand on Chinese phones and collect the money. Much like Nike or many others.

Wages With Minimal Wiggle Room
 

On Monday, January 4, 2016 at 9:52:31 PM UTC-8, John Halpenny wrote:
On Monday, January 4, 2016 at 10:31:17 PM UTC-5, Jon Elson wrote:
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, it's $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, 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.

Jon
What does Apple "make"? They just slap their brand on Chinese phones and collect the money. Much like Nike or many others.

You're an idiot with no clues about Apple products and why they often work better. Start with Applle OS X. Is that a Chinese product, moron? Apple's designs are often significantly better and OS X is way better than Android.

Wages With Minimal Wiggle Room
 

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