"Wages With Minimal Wiggle Room?, Andy Puzder (CEO of CKE Restaurants), WSJ page A13, 28 December 2015.
A useful datapoint in the ongoing debate on the minimum wage:
. The punch line is: "The per-employee profit at Apple is $407,000. For big retailers, it?s $6,300. No wonder Wal-Mart feels the pinch of its pay increase.?
Joe Gwinn
Well, that's the difference between MAKING something, and merely SELLING something made by somebody else.
But, I'm also guessing that the per employee figure does NOT include the (many) thousands of people at FoxConn in China that are building Apple's products.
Jon
On Jan 4, 2016, Jon Elson wrote (in article):
But we need both kinds of company.
It does not. But then again, neither does CKE Restaurants include the people employed by the companies that provide the raw food and the kitchen equipment equipment used to produce the meals they sell.
More generally, each company must do its own cost-benefit calculation when considering hiring or laying off employees.
Joe Gwinn
Have something to add? Share your thoughts — no account required.
Ask the community — no account required