5 ms·
Typo? GM's profit in today's dollars is $9 billion, not $9 million. Hence GM's profit per employee is $9,042,397,000 / 576,667 = $15,700, not $9. The ratio bet
by gshubert17 9y ago
Typo? GM's profit in today's dollars is $9 billion, not $9 million. Hence GM's profit per employee is $9,042,397,000 / 576,667 = $15,700, not $9.
The ratio between Google and GM is closer to 25 times. Which, I think, is an indication of how much more automation there is now compared to 1955.
- neves 9y agoSure, my mistake. It shows how much of the profits goes for the labor force or for the Capital owners. We are more productive, but now earning more money.