This Machine Kills cover image

231. Paris Syndrome

This Machine Kills

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The Labor Costs Are Not an Inconsequential Part of the Operating Costs of the Companies

Investors only cared and actually rewarded the behavior where these firms came in, offered a lot of speculative technologies to try to rationalize new business models. And then when nothing panned out demanded a sacrifice. The labor costs are not an inconsequential part of these companies' budgets. But they've spent far more on research and development and on mergers and acquisitions.

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