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>to have similar profit margins as FAANG and thus increase my compensation Why would they do this? They have enough labor working for the money they give alrea
by alexb_ 3y ago
>to have similar profit margins as FAANG and thus increase my compensation
Why would they do this? They have enough labor working for the money they give already. If their profits doubled, why on earth would their labor costs go up too instead of them just keeping the money?
- lotsofpulp 3y agoHigh prices require both a buyer to be able to pay and the buyer to have to pay (due to lack of sufficient sellers). High profit margins provide the first condition.