He is dramatically, ridiculously, overstating the labor component as a percentage of costs that then drive the prices up. Also, cable companies are monopoly in

He is dramatically, ridiculously, overstating the labor component as a percentage of costs that then drive the prices up. Also, cable companies are monopoly in the USA - you can't call up a different cable provider to serve your area, as in his example. Although you can get satellite TV, etc. That he doesn't know this simple fact, further shows how he does not know anything.