Posted by Bret4207 on February 13, 2016 at 05:55:11 from (64.19.90.196):
In Reply to: Jobs going to Mexico? posted by Spook on February 11, 2016 at 07:55:44:
Quoting Removed, click Modern View to see
Exactly. I think it was the head of GM that said, "I thought I was running a car company. Now I find out I'm running a retirement plan." or something along those lines. People seem to forget that every single penny of cost, plus the profit needed to stay in business, gets tacked on to each product they buy. If it costs $10.00 to build an item and there are another $40.00 in costs like labor, insurance, regulatory fees, taxes and taxes and taxes, healthcare, unemployment, lawyers fees to protect the company, etc, etc, etc, it all gets tacked on to the cost. Does anyone really think a pickup costs $50K to build? Every single penny gets tacked onto every item you pay for. Raise the min wage and that gets passed onto you and me. Raise taxes, same thing.
People seem to think that a company can stay in business on a negative profit. Only gov't can do that.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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