Re:As the U.S. fantasizes, the world builds high speed rail
by gozur88 on Monday July 03, 2017 @03:34PM
(#14690776)
What do you mean, "paying off capital"? There's no way salaries amount to less than about 90% of the total.
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Re:As the U.S. fantasizes, the world builds high speed rail
by kashkhan on Tuesday July 04, 2017 @05:41PM
(#14698482)
have you ever thought where return on investment/capital comes from?
You can hire 100 people to make 100,000 needles a day by hand tools or instead build a $200,000 plant that make 10 million needles a day with three guys operating the machines. In both cases the profit goes to the plant owner, while in the second the cost of labor will be less than 3% of the receipts.
Re:As the U.S. fantasizes, the world builds high speed rail
by gozur88 on Wednesday July 05, 2017 @12:22PM
(#14703731)
3%? No. That's not even close. And you're leaving out indirect labor - people got paid to build everything you buy.
Re:As the U.S. fantasizes, the world builds high speed rail
by kashkhan on Wednesday July 05, 2017 @03:56PM
(#14705617)
how much labor does capital need to produce returns?
the wages in economy are well documented. as well as returns on capital. Actual data matters. Don't take my word for it. read up an actual economist.
http://voxeu.org/article/reducing-inequality-deconcentrating...
The rich aren't rich because they put in more labor and got more salaries.