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by onebaddude
4596 days ago
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>The interesting thing about this chart is how unprofitable manufacturing is And it isn't just manufacturing; resource extraction is similar. Look at Glencore[1], the Swiss mining conglomerate: $1.5BB in profit on $214BB in revenue (190,000 employees). There are more "efficient" uses of capital. Unfortunately, someone needs to do the building and mining. [1]https://en.wikipedia.org/wiki/Glencore_Xstrata |
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