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Well, CSX in particular has 2.77 billion in net profit and over 3 billion in cash on hand. So I think in this particular case, it's pretty fair to disregard th
by antisthenes 5y ago
Well, CSX in particular has 2.77 billion in net profit and over 3 billion in cash on hand.
So I think in this particular case, it's pretty fair to disregard their complaints about "labor shortages". I also doubt they're competing with Silicon Valley for IT talent, for example, so their labor costs shouldn't be anything out of the ordinary.
Your criticism would be more valid when it comes to restaurant business, where margins are slim and companies are small, and less able to weather economic pitfalls.
- BurningFrog 5y agoI was asking more in general, not for this particular company. The numbers you cite does look like they'll find a way through this :) I do hear it a lot of "your business should not exist!" for working class enterprises like restaurants.