re: #624 ggt

LOL

It’s easier and cheaper to work for someone else, IMHO.

If he had the income from making that chair, he’d also have the overhead and the headaches.

Right. I’m not arguing which is better. I’m simply demonstrating what the value of labor is.

At least that is the tradeoff I made when I stopped working for myself. It wasn’t worth the time I put into the business above and beyond the normal work day.

But you can actually figure that amount as overhead, too. I’m calculating that as part of the cost of the overhead, the time spent by people managing that woodworker.

The actual owners of large companies tend to be hedge funds and the like, who spend very little time engaged in headaches about the actual businesses they own. The complete lack of sense of responsibility on the part of stockholders is one of the big problems with America— and the world— today. People feel no responsibility for the actions of companies they own.