3 ms·
If labor costs are only a small fraction of overall production posts and the rest is capital (i.e. machines), then this difference becomes unimportant. And this
by cmarschner 10y ago
If labor costs are only a small fraction of overall production posts and the rest is capital (i.e. machines), then this difference becomes unimportant. And this is increasingly the case.
- AnthonyMouse 10y ago> If labor costs are only a small fraction of overall production posts and the rest is capital (i.e. machines), then this difference becomes unimportant. And this is increasingly the case. ...because of automation.