51–60 of 132 posts
If you've ever seen the Altria headquarters in Richmond... well, it's unusually intimidating for a consumer staples company -- https://www.google.com/maps/@37.6002824,-77.5147176,3a,75y,3...
Altria is the tobacco industry.
Earlier quoted context omitted.
Actually, it does, and that's why folks are arguing for comparing profit instead of revenue per employee. As others in this thread have pointed out, if you utilize tons of contractors, your revenue per employee may look huge, but your profit per employee will go down because you still have to pay all those people. Whether you use contractors or employees, it still comes out of your bottom line. Now, I assume what you…
Why should I believe that the statistic does include foxconn workers? I'm asking this sincerely.
I'm not arguing that the number includes the Foxconn employees in the denominator, and it shouldn't, because the numerator (Apple's net earnings) doesn't include money paid to Foxconn (as that's a cost of goods sold for Apple).
So the _average_ energy company has twice as high RPE as Google? That's unexpected...
If Google disappeared tomorrow nothing would be tragically different after a year or so of adjustment. Without the energy companies we'd be in Mad Max mode for decades...
Earlier quoted context omitted.
Actually, it does, and that's why folks are arguing for comparing profit instead of revenue per employee. As others in this thread have pointed out, if you utilize tons of contractors, your revenue per employee may look huge, but your profit per employee will go down because you still have to pay all those people. Whether you use contractors or employees, it still comes out of your bottom line. Now, I assume what you…
Tbf, those are trivially not mathematically equivalent (even taking profit instead of revenue). Suppose each contracted worker cost $1/yr in salaries, and there were 1000 contractors/1000 in-house employees. Then without including contractors, the profit per employee is (X-1000)/1000 ~ X/1000, while including it is (X-1000)/2000 ~ X/2000, much lower. Including or not contractors does have a potentially large differen…
Altria Group is categorized as "consumer staples." If you've ever seen the Altria headquarters in Richmond... well, it's unusually intimidating for a consumer staples company -- https://www.google.com/maps/@37.6002824,-77.5147176,3a,75y,3... Altria is the tobacco industry.
https://goo.gl/maps/ZwkRjFHJizP2
https://media.gettyimages.com/photos/pole-displaying-marlbor...
So the _average_ energy company has twice as high RPE as Google? That's unexpected...
If Google disappeared tomorrow nothing would be tragically different after a year or so of adjustment. Without the energy companies we'd be in Mad Max mode for decades...
I wouldn't be so sure.
Google Search and Google Maps disappearing would be mildly annoying, but people would adjust. But if GMail and Google Docs (both personal and business GSuite versions) were to suddenly shut off, I dread the impact it would have on the economy. It would seriously disrupt many, if not most, small companies in very many places around the world. The extent to which people depend on Google for their data is just scary. Whatever technical literacy a typical person might have gained in the desktop era, we're losing it again in the mobile era.
Not a fan of Revenue Per Employee as a measure of operating efficiency. It would be much more telling to evaluate net earnings per employee: Net Earnings Per Employee: Valero: $365,452 [1][2] Apple: $766,800 [3][4] [1] https://www.statista.com/statistics/531676/valero-energy-cor... [2] https://finance.yahoo.com/quote/VLO/financials?p=VLO [3] https://www.apple.com/job-creation/ [4] https://finance.yahoo.com/quote/AAPL…
That Apple number does not include the slave wages of Foxconn workers, other outsourced labor or contractors for which Apple avoids paying benefits.
Calling hard-working people in developing country (my homeland) "slaves" just because they don't get paid the same as Americans is one of the most hypocritical thing I am really tired to hear on Western forums.
Earlier quoted context omitted.
If Google disappeared tomorrow nothing would be tragically different after a year or so of adjustment. Without the energy companies we'd be in Mad Max mode for decades...
> If Google disappeared tomorrow nothing would be tragically different after a year or so of adjustment. I wouldn't be so sure. Google Search and Google Maps disappearing would be mildly annoying, but people would adjust. But if GMail and Google Docs (both personal and business GSuite versions) were to suddenly shut off, I dread the impact it would have on the economy. It would seriously disrupt many, if not most, sm…
Being able to acquire, understand and act on the right information at the right time is probably extremely important to our civilization
Earlier quoted context omitted.
That Apple number does not include the slave wages of Foxconn workers, other outsourced labor or contractors for which Apple avoids paying benefits.
The Foxconn manufacturing factories in China are NOT sweatshops, not even close. My hometown (Zhengzhou) has one of its biggest factory, and for people who have no higher education (like straight out of highschool), it's a super competitive job. People literally bribe to get in. Sure, it's still a soul-draining blue collar job, but they follow laws (for an enterprise in Foxconn's scale, they are strictly supervised b…
America is extremely expensive to live in, so "westerners" don't really have a grasp of just how far a single USD goes elsewhere in the world.