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Most people don’t understand why or how stuff is priced, or that low volume items like this probably have a decent amount of expensive human labor included in t
by quickthrowman 5mo ago
Most people don’t understand why or how stuff is priced, or that low volume items like this probably have a decent amount of expensive human labor included in the price. You aren’t going to set up full automation to assemble 350 cameras.
My car mechanic charges $160/hr.
- joe_mamba 5mo ago>Most people don’t understand why or how stuff is priced You'd think HN users aren't "most people"
- DANmode 5mo agoNot everyone is you. Not even on HN!
- deleted 5mo ago[deleted]
- bdangubic 5mo agowhat’s the margin you reckon on that $160/hr your car mechanic is charging you? human labor is not that expensive, the margins of business employing human labor are. I recently needed a plumber, called up a company, plumber showed up, etc. got an estimate from the company which was outrageous. I was expecting this so I got plumber’s number. called him and asked him if he’d do the job for 1/2 the price - win-win.
- quickthrowman 5mo agoI sell and run electrical service and project work for a living. I’d guess they net 15% on average on that shop rate after accounting for all of the overhead. Some jobs will be high margin wins, some jobs will make a bit, some jobs will lose money. The shop rate doesn’t just include labor, it also includes all of the overhead of the shop: equipment like lifts, alignment machines, tire machines, consumables, service writers, rent/mortgage, software, diagnostic tools, utilities, blah blah blah. Btw I quote all residential electrical work at ridiculous prices because I don’t want residential customers, possibly you called a commercial oriented plumber first?
- bdangubic 5mo agomichael&sons