Part of the solution for OWS

[dgs49]

Sorry to be argumentative, but no manufacturer could survive with a "labor cost" of 70% of the sales price. Fixed overhead and GS&A expense would be at least 40%, and let's not forget PROFIT. It's all in the definition of "labor" cost.

As I think of it, maybe they are saying that labor is 70% of the direct cost, with the other 30% being materials. That, I could believe.

[quaddriver]

give the man a medal.

I just got a memo today that where I work, labor is *90* of costs (being that we have no materials and produce no product)

now you know why the UAW resists robots. why moores law works etc etc.

and to answer something else you wrote: consumers allow walmarts, which in turn demand a 10% price reduction in some period of time for the same good if no new function is added. Walmart, and Target et al drove GE to make its consumer products in the land of rice and bamboo. walmart accounts for over half its sales. when walmart moved its manufacturing they:

a) got frequent flyer miles
b) ate a lot of hunan chicken
c) lowered the largest cost in making each product

as I said in another post somewhere here or elsewhere, i once (recently) got a pair of chevy truck calipers. reman GM units. It was cost effective for advance auto to mail them to china, have em rebuilt, mail em back, and sell me a $100 unit (from GM) for $12 and everyone was happy. what is wrong with the picture?

[dales]

Keep bowing to the corporate masters, quad.

(of course, since you work for the gubmint, your job is secure and those poor bustards who find themselves out of work, it's their own damm fault.)

Dales mentioned that GE had a $14B 'windfall' ($14B for a company the size of GE is a windfall?) and paid no taxes, lets look at that.

I stated nothing of the sort, quad!

[quaddriver]

Keep bowing to the corporate masters, quad.

(of course, since you work for the gubmint, your job is secure and those poor bustards who find themselves out of work, it's their own damm fault.)

Dales mentioned that GE had a $14B 'windfall' ($14B for a company the size of GE is a windfall?) and paid no taxes, lets look at that.

I stated nothing of the sort, quad!

ok wrong poster. whole point stands, we will blame it on someone else.

I know people like to throw around the term 'corporate masters' but in reality, who exactly is provindg the jobs 'murricans DO have?

[Gob]

Can I break in here for a minute...?

The percentage that labor cost comprises of the ultimate selling price varies from company to company, and product to product. Products that are patented or contain commercially-valuable proprietary technology are likely to have higher gross margins than"commodities." In my experience working for manufacturers, I think that 70% of cost being "labor" is more than a little bit high. Certainly it depends on how you define "labor cost." Journalists are very loose and unsophisticated when it comes to anything technical, including cost accounting. Direct labor? Fringe" Payroll overheads? Supervision? Fixed overheads?

Well said Dave, I've been trying to get it across to our resident dipshit that 70% labour costs across the board for a whole country's manufacturing base, is so meaningless as to be useless.

Do silicon chips and car tyres have the same labour costs? Does a Rolls Royce and a Honda Accord have the same unit labour cost.

Quaddy is so desperate to tryn to say...anything... that he thinks that something he saw on a computer screen while emptying the guy's waste-paper bin is hard fact!

[quaddriver]

Quaddy is so desperate to tryn to say...anything... that he thinks that something he saw on a computer screen while emptying the guy's waste-paper bin is hard fact!

Given WHERE I posted the source of that statement from (as it still remains unrefuted from anyone) I hardly think your words are.....um....true?
Lets put it this way: if we suppose everyone reading was given a simple econ quiz, pass/fail, live/die tomorrow, EVERYONE without hesitation will parrot what I said and will not even try to voice your um, 'facts'

2nd day - you are MORE than welcome to post any dissenting data. Just make sure that the next time you think you are posting something bolstering your position, it does not confirm mine in the next paragraph

who's the dipshit now?

But as we have seen, DGS was able to understand the concept after a moments thought, and he admitted as such. Such are the benefits of our PA educations.

Yours is from where? Oh thats right, its not.

While you work up your next thrash, lets go see if you have learned how your stock certificate 'works' yet. Frightfully good friday night entertainment!

[Gob]

Given WHERE I posted the source of that statement from (as it still remains unrefuted from anyone) I hardly think your words are.....um....true?
Lets put it this way: if we suppose everyone reading was given a simple econ quiz, pass/fail, live/die tomorrow, EVERYONE without hesitation will parrot what I said and will not even try to voice your um, 'facts'

2nd day - you are MORE than welcome to post any dissenting data. Just make sure that the next time you think you are posting something bolstering your position, it does not confirm mine in the next paragraph

There is nothing to dissent to you have posted no facts, made a stupid claim and have not been able to support it.,.

Why should I bother trying to dispute something so facile.

Do silicon chips and car tyres have the same labour costs? Does a Rolls Royce and a Honda Accord have the same unit labour cost?

Your "fact" is meaningless.

[quaddriver]

Given WHERE I posted the source of that statement from (as it still remains unrefuted from anyone) I hardly think your words are.....um....true?
Lets put it this way: if we suppose everyone reading was given a simple econ quiz, pass/fail, live/die tomorrow, EVERYONE without hesitation will parrot what I said and will not even try to voice your um, 'facts'

2nd day - you are MORE than welcome to post any dissenting data. Just make sure that the next time you think you are posting something bolstering your position, it does not confirm mine in the next paragraph

There is nothing to dissent to you have posted no facts, made a stupid claim and have not been able to support it.,.

Why should I bother trying to dispute something so facile.

Do silicon chips and car tyres have the same labour costs? Does a Rolls Royce and a Honda Accord have the same unit labour cost?

Your "fact" is meaningless.

translation: I like meatloaf.

Just so we get this straight, my claim of labor being 70% of any products cost, was not quoted from or repeated in ANY source, correct?

[Gob]

How much were Labour unit costs in car manufacturing 2009 - 2010? Electrical Goods? Hardware?

All 70% I take it?

[Joe Guy]

I believe quad had an orgasm because dgs49 wrote that he might accept quad's statement if quad had stated it differently.

Since that is as close to getting someone to believe him that quad has ever managed, he isn't going to let go of that one.

He is so much fun to read. Never fails to entertain with his lies and attempts to support them with no evidence.

I'd give his current blather a '7' on the quad humor index scale.

thanks again, quad.

[BoSoxGal]

I want to make certain that the most important information in this thread doesn't get lost in all the bickering:

Frisbies & Hula hoops are once again Made in the USA!!