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Right. I see how that was unclear. A 1/5 increase in labour costs is a much more precise way to frame it.
by kennywinker 7y ago
Right. I see how that was unclear. A 1/5 increase in labour costs is a much more precise way to frame it.
- bluecalm 7y agoIt's more precise but the whole point is that cutting 20% of profits sounds like a reasonable price to pay but once you realize increasing labor cost by 20% may mean for example 80% cut in profits it's not so simple anymore.