[lbo-talk] Jobs

Doug Henwood dhenwood at panix.com
Fri Oct 7 07:09:45 PDT 2011


On Oct 7, 2011, at 9:55 AM, Wojtek S wrote:


> It does not take much
> more resources to produce beautiful stuff than it takes to produce
> crap.

Yes and no. It takes a lot of skilled labor to produce a beautiful men's suit, and it shows. It's not just snob appeal.

Not totally unrelated fact: the profit margin in fancy restaurants is considerably lower than that it fast food and casual joints. Good ingredients and skilled labor are expensive. The mass production and cheapening of everything might result in lower prices, but it's also part of the wage suppression mechanism.

Doug



More information about the lbo-talk mailing list