2 ms·
The opposite is true. The highest-margin stuff is services (like, to choose the obvious one, software). Frankly it seems pretty obvious to me why margins would
by emodendroket 2y ago
The opposite is true. The highest-margin stuff is services (like, to choose the obvious one, software). Frankly it seems pretty obvious to me why margins would tend to be lower for manufactured goods, especially commodity ones — you have more inputs besides labor, the primary one a service-oriented business has to worry about. There is a fairly sensible reason we don’t have those jobs.
I suppose you have in mind jobs like home health aides. But 1) we really do need a lot of them with an aging population 2) I’m not sure their lives would be improved by working in a textile mill instead.