G64 in management or shall we say white collar jobs, that appears normal to gain better pay and conditions. but for those at KFC,Macas, burger king, factories generally don't fair the same.
People scream about labor cost's but generally below 30% that includes ceo pay as well, IMO bod pays should not be used in the calculation to give a fairer indication. Some bosses take huge incomes then want to cut out the ones who actually do the work to make the income??
Gross Revenue to Payroll Percentage by Industry
Total labor costs, or percentage of gross revenues spent on payroll, vary dramatically by industry. Highly automated oil refineries and semiconductor plants might have labor costs of less than 10 percent, whereas restaurants average around 30 percent labor costs. Retail businesses generally have higher labor costs, usually at least 10 percent and ranging up to 15 to 20 percent. According to the Food Marketing Institute, the average U.S. food retail business had total labor costs of 14.6 percent of sales in 2007.
