farglebargle
Posts: 10715
Joined: 6/15/2005 From: Albany, NY Status: offline
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quote:
ORIGINAL: DarkSteven quote:
ORIGINAL: farglebargle Person A may get one less TV But Person B, C, and D all have good paying jobs. A single TV will support three jobs? If a TV costs $400, let's assume $100 goes to manufacturing, using a factor of four markup (which used to be typical some thirty years ago - I assume it's still that currently). Then for a single $70K manufacturing job (wages and benefits), 700 TVs will not be bought. To support a factory of maybe 400 workers, that's some 3 million televisions that got removed from the US economy per year. That's a lower standard of living. 35,000,000 - 700 = .....
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It's not every generation that gets to watch a civilization fall. Looks like we're in for a hell of a show. ברוך אתה, אדוני אלוקינו, ריבון העולמים, מי יוצר צמחים ריחניים
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