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Idiocracy. It’s For Breakfast, Lunch and Dinner

Wednesday, December 10, 2014 9:52
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(Before It's News)

by Karl Denninger
Market-Ticker.org

Read the article.

But pay attention to the punchline:

“When companies make decisions like this, they already have this pre-determined,” he said. “All they want is concessions on the way out. If they’re going to a close a plant, they’re going to close a plant. When you look at the cost of what we are, it’s so minimal that I don’t even think it has an impact on them.

Really?

Labor is typically either the largest or second-largest expense at any firm. There are very, very few exceptions, and those exceptions are found in hyper-competitive industries where margins are razor-thin and the product or service being provided has an extreme capital requirement associated with it.

Continue Reading at Market-Ticker.org…



Source: http://financialsurvivalnetwork.com/2014/12/idiocracy-its-for-breakfast-lunch-and-dinner/?utm_source=rss&utm_medium=rss&utm_campaign=idiocracy-its-for-breakfast-lunch-and-dinner

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