ionnsaigh wrote:You lot know how to mince your words.
I thought that in terms of economics the following principles apply.
The value of the product, how do we access and determine value?.
The abundance or scarcity of said product , would I imagine be a significant factor, in the overall determination.
The amount of labour required, and the skill attached to the labour, a vital ingredient.
The profit margin for me- creates a moral bone of contention, as it seems to advocate, opening the door to fiscal abuse.
Perhaps this is the true nature of business- to make profit- no more no less.
To achieve this desire, they must increase production - by asking - or making - the workforce produce more.
Reducing cost is another effective strategy to increase profit, the interest of the worker are compromised at this juncture.
Hence the rich, and hence the poor, and hence the in between.
I'm lost, can you start again.........slowly this time.
