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0 pointsazan_18h ago0 comments

> Citation needed. Very little of what we buy today as a consumer are commodities whose price is determined primarily by the cost of production — and even then labor costs are rarely the most significant cost.

Services and goods where lots of human labor is required get much more expensive with larger cost of labor. E.g. fast-food, food delivery. And there's nothing wrong with that of course - I'd rather pay 2x more for delivery than have people working on wages that are not enough to even feed them.

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paulryanrogers16h ago

If labor costs are so high and such a large portion of production then how can companies afford to funnel so much money to executives? Hundreds and even thousands of times more than their cheapest workers? Often to the tune of millions and now billions?

Surely there is more slack in the system than the Epstein class wants to openly admit.

j / k navigate · click thread line to collapse

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paulryanrogers16h ago

Surely there is more slack in the system than the Epstein class wants to openly admit.

j / k navigate · click thread line to collapse