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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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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 |
#2
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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 |
#3
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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. |
#4
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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. |
#5
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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 |
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