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Thread: Boosting the economy from the bottom up

  1. #21
    RNG
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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. RNG,

    In virtually every industry, labor represent the greatest overhead and the greatest risk.
    I disagree. What labor represents is the easiest way to cut expenses if you have the foresight of a gnat.

  2. #22
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    Quote Originally Posted by OldGaffer View Post
    Newer charts that come up to Jan/2017

    https://www.forbes.com/sites/erikshe.../#438bb6683579


    For those too lazy to click.

  3. #23
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    Quote Originally Posted by RNG View Post
    I disagree. What labor represents is the easiest way to cut expenses if you have the foresight of a gnat.
    Mr. RNG,

    So you agree with me then?

    Thanks.

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    Quote Originally Posted by NightSwimmer View Post
    You're right. Working class taxpayers saved about $300.00 per year due to the Bush tax cuts. That amounted to about a $0.14 per hour pay raise.
    In a town of 20,000 where 10,000 work, which would be ridiculously low, that's $3mn which is spent on things that employ people. How much do you spend on pencils? Not much but it adds up and sure enough Dixon-Ticonderoga is a multi million dollar business employing people.a
    Last edited by publius3; 5th June 2017 at 02:59 PM.

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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. RNG,

    In virtually every industry, labor represent the greatest overhead and the greatest risk.
    In manufacturing direct labor represents less than 10% of total product cost, materials are around 60%, and direct and indirect overhead represent about 30%. The problem is that even though direct labor is a small fraction of the total cost, overhead is allocated as a multiple of direct labor.

  6. #26
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by Libertine View Post
    In manufacturing direct labor represents less than 10% of total product cost, materials are around 60%, and direct and indirect overhead represent about 30%. The problem is that even though direct labor is a small fraction of the total cost, overhead is allocated as a multiple of direct labor.
    10% is the cost of manufacturing, so 10% of the cost to manufacturing the Materials .. so that would make about 16% of the cost due to labor.

  7. #27
    RNG
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    Quote Originally Posted by Kallie Knoetze View Post
    Mr. RNG,

    So you agree with me then?

    Thanks.
    You seem to have quit reading very early in that sentence.
    Thanks from BigLeRoy

  8. #28
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by OldGaffer View Post
    https://psmag.com/economics/trickle-...-indeed-a-joke






    But what would the economists at the International Monetary Fund know, right? Just more people with too much education...and wasting time doing phony "scientific studies", right?
    This study by the International Monetary Fund [IMF] shows WHY Donald Trump's economic proposals are resoundingly ANTI-growth. Virtually every one of his proposed policies, from the bogus health-care bill to what we have heard so far of his plans for tax cuts, and then to the shockingly savage budget reductions in programs that help the poor and the middle class, would perversely WIDEN the already YAWNING income and wealth inequality in this country.

    And economic growth would come WHIMPERING to a halt.

    Economic winter is coming.
    Thanks from OldGaffer and RNG

  9. #29
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    Quote Originally Posted by RNG View Post
    You seem to have quit reading very early in that sentence.
    Mr. RNG,

    No, you said you disagreed with me, then presented a statement in defense of my position.

    That's why there was the big question mark in my post.

  10. #30
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by RNG View Post


    For those too lazy to click.
    you do understand that many food service workers are EXEMPT from Minimum wage laws, because they work for tips.. many make as little as $3.00/hour + Tips.

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