3 ms·
Profit is, by definition, inefficiency.
by PittleyDunkin 2y ago
Profit is, by definition, inefficiency.
- robertlagrant 2y agoAt the end of the day every employee is the most granular bit of profit-making - I trade my time and zero money for money. 100% profit. If you removed the money you paid me could say you're being more efficient, but I don't know if that's a useful definition of efficient. Just as you could steal some raw materials and say you're being efficient.
- PittleyDunkin 2y agoWell yes, if you find a way to generate value with no input costs, anything you charge people will be pure inefficiency and you'll be put out of "business" by the first person who gives this idea away for free. I'm not sure what sort of insight you can glean from this.
- robertlagrant 2y agoI'm saying the input costs aren't inefficiency.