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Started By
Message
re: Waffle House workers are the latest group to strike, requesting $25 per hour
Posted on 10/3/23 at 2:35 pm to LNCHBOX
Posted on 10/3/23 at 2:35 pm to LNCHBOX
quote:
And you think doubling the labor cost will have no effect on production cost?
And if that did affect production cost, you think the business is just going to eat that cost?
What fantasy world do you live on?
Again my friend, I know categorically that doubling the labor cost will increase production costs TO THE EMPLOYER. What it will also do is DECREASE the production cost to you and I....and unless we do business with the low wage employer we will never again subsidize his production costs. The employer's tax burden will also decrease. He may well find ways to cut down on labor making his business more profitable and stronger for everyone involved. Yes, I fully expect the business to, as you say, eat the entirety of their production costs. If they can not compete without a subsidy they were never viable anyway.
What doubling, tripling, increasing by any amount or eliminating labor costs altogether will not do is impact market price.
4
Posted on 10/3/23 at 2:36 pm to AwgustaDawg
quote:
Again my friend, I know categorically that doubling the labor cost will increase production costs TO THE EMPLOYER. What it will also do is DECREASE the production cost to you and I....and unless we do business with the low wage employer we will never again subsidize his production costs. The employer's tax burden will also decrease. He may well find ways to cut down on labor making his business more profitable and stronger for everyone involved. Yes, I fully expect the business to, as you say, eat the entirety of their production costs. If they can not compete without a subsidy they were never viable anyway.
I don't think you have the slightest clue what you're even trying to say.
quote:
What doubling, tripling, increasing by any amount or eliminating labor costs altogether will not do is impact market price.
Again, what planet do you live on?
This post was edited on 10/3/23 at 2:38 pm
Posted on 10/3/23 at 2:36 pm to AwgustaDawg
quote:
Yes, I fully expect the business to, as you say, eat the entirety of their production costs.
I love when Marxist pretend to understand the real world.Posted on 10/3/23 at 2:37 pm to LNCHBOX
quote:
I don't think you have the slightest clue what you're even trying tos ay.
Its obfuscation. Hes saying absolutely nothing of value. Its commie mumbo jumbo that doesnt translate to reality.
Posted on 10/3/23 at 2:38 pm to LNCHBOX
quote:
quote:
We are not discussing wages my friend we are discussing production costs. That is the problem, you can't keep up with the conversation. Wages are what one is paid to produce. Production costs are what it costs one to produce. The difference is not remotely subtle it is stark....
quote:
Production costs refer to the costs a company incurs from manufacturing a product or providing a service that generates revenue for the company. Production costs can include a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead.
quote:
What are Production Costs?
Production costs are those costs incurred when a business manufactures goods. The three main categories of costs that comprise production costs are noted below. Once these costs are incurred, they are assigned to units produced, and then charged to the cost of goods sold once the goods are sold.
quote:
production cost
noun
: the combined total of raw material and direct labor costs and burden incurred in production
Thank you for making my point for me. LOL...how do adults not know this?
Labor costs generally reflect wages except in the case of low wage employers in an economy where there is public assistance. In that economy it is entirely possible that wages only reflect a portion of the costs of production...which is categorically the case in the United States.
Posted on 10/3/23 at 2:39 pm to AwgustaDawg
quote:
Thank you for making my point for me
Those definitions say the exact opposite of what you claimed
Posted on 10/3/23 at 2:39 pm to AwgustaDawg
quote:
Yes, I fully expect the business to, as you say, eat the entirety of their production costs. If they can not compete without a subsidy they were never viable anyway.
Yep, no company would ever raise prices, they will just eat the extra production costs
Posted on 10/3/23 at 2:40 pm to LNCHBOX
quote:
quote:
Again my friend, I know categorically that doubling the labor cost will increase production costs TO THE EMPLOYER. What it will also do is DECREASE the production cost to you and I....and unless we do business with the low wage employer we will never again subsidize his production costs. The employer's tax burden will also decrease. He may well find ways to cut down on labor making his business more profitable and stronger for everyone involved. Yes, I fully expect the business to, as you say, eat the entirety of their production costs. If they can not compete without a subsidy they were never viable anyway.
I don't think you have the slightest clue what you're even trying to say.
quote:
What doubling, tripling, increasing by any amount or eliminating labor costs altogether will not do is impact market price.
Again, what planet do you live on?
So do you think if Pepproni goes from $1 a pound to $5 a pound the market price of a pepperoni pizze will increase?
Posted on 10/3/23 at 2:41 pm to AwgustaDawg
quote:
So do you think if Pepproni goes from $1 a pound to $5 a pound the market price of a pepperoni pizze will increase?
Obviously an ingredient's cost increase 500% will have no affect on the cost of the product. That's just common sense.
Posted on 10/3/23 at 2:41 pm to jchamil
quote:
Yep, no company would ever raise prices, they will just eat the extra production costs
It’s like the last two years never happened.
Posted on 10/3/23 at 2:41 pm to AwgustaDawg
quote:
So do you think if Pepproni goes from $1 a pound to $5 a pound the market price of a pepperoni pizze will increase?
I don't think, I know it will go up.
Posted on 10/3/23 at 2:42 pm to LNCHBOX
quote:
quote:
Thank you for making my point for me
Those definitions say the exact opposite of what you claimed
Nope my friend they do not...they say exactly what I know is the truth and what I have relayed here today. Production costs include labor. Most employees cover that portion of their production costs from their revenue. Low wage employers do not, they rely on subsidies from taxpayers and a general ignorance of economics. What they are selling is the idea of a free lunch when everyone knows someone is footing the bill...
Posted on 10/3/23 at 2:43 pm to RogerTheShrubber
quote:
Yep, this is first grade understanding of economics. This dude is a frickin fraud.
You come off as a super-confident person. Keep it coming...
Posted on 10/3/23 at 2:43 pm to AwgustaDawg
quote:
Nope my friend they do not
They literally do.
Posted on 10/3/23 at 2:44 pm to AwgustaDawg
quote:
Labor costs generally reflect wages except in the case of low wage employers in an economy where there is public assistance
You have no clue what youre talking about.
None
Posted on 10/3/23 at 2:44 pm to AwgustaDawg
quote:
So do you think if Pepproni goes from $1 a pound to $5 a pound the market price of a pepperoni pizze will increase?
Either that our you're getting less pepperonis. WTF
I own a business and thats exactly how it works. You think the increased cost of a product isnt supposed to be passed along to the customer?
Posted on 10/3/23 at 2:45 pm to AwgustaDawg
quote:
What doubling, tripling, increasing by any amount or eliminating labor costs altogether will not do is impact market price.
Obfuscation and not enough inputs to definitively make that declaration.
Posted on 10/3/23 at 2:45 pm to RogerTheShrubber
quote:
What causes wages to naturally rise?
Under what assumptions?
Posted on 10/3/23 at 2:46 pm to SpidermanTUba
quote:
What causes wages to naturally rise?
Under what assumptions?
This dude is googling
Posted on 10/3/23 at 2:46 pm to AwgustaDawg
quote:
Pepproni
Hard to take you seriously.
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