Originally Posted by
GreyGhost
I love the examples about the small business owner and how the cost of a $2 knife sells for $20 and how that example is compared to a major retail company.
The Overhead costs are not even close to comparable.
An employee who is paid $10/hr costs that company that provides healthcare (Which all major retailers do) about $22/hr. How does a company make up that $12/hr difference? Raising the cost of the products sold.
The more employees you have the more product you need to move.
10-06-2011
