Originally Posted by Mjolnir
One of the most lucrative companies in the world pays it's workers minimum wage selling items that cost less than $5 apiece, right here in America, for the last 60 years. The idea that a company can't make a profit by paying for labor is a fallacy. They just don't LIKE to pay for labor, it's one less gulfstream for the guy at the top, one less mansion, etc.
What company is that, what is their product? I am pretty familiar with large companies in the United States.
Here's my pre-determined list at the company.
1. That company is likely selling higher volumes of those products. High demand... Essentials like toilet paper, clothes, food etc can net some serious profits.
2. The products don't cost nearly as much to produce as an electronic device, and a single employee or a group of employees can probably make hundreds or thousands in a day if a machine isn't doing it for them..
3. We are talking about electronics here.. Not some piece of cloth that cost $15 for some 300 foot roll of cloth.. Most electronics often cost half of their retail cost to manufacturer for PARTS only.
You cannot compare some low cost product-high demand company to an electronics company. Because the simple truth is; electronics are STILL a low demand product.