04-10-2006, 02:41 PM
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#11
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I am beyond a rank!
Join Date: Mar 2003
Posts: 11,873
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Query
Quote:
Originally posted by sebastian_dangerfield
That's not a valid criticism. The value of the product is market driven, while the cost of labor is statutory. The business owner is fucked because, although he could profit if wages fluctuated with market forces, they don't. While the value of his product can fluctuate terrifically, and the cost of raw materials used to make the product will follow suit, his wage costs remain high, by law.
Look at GM. But for the cost of employee health care, the company would be fairly sound (or in much better straits).
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What statute sets the cost of GM health care? |
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