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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