Reply To: question for democrats (and i guess anyone else that wants to chime in)

ubequitin,

“the cost of a product is based on raw materials + direct labor (how much the worker works X wage) + manufacturing overhead, which is computed based off of labor costs (like .25 of labor costs)”

means COST (like cost of goods sold) whereas

This is not all there is, what is probably more important is what the public is welling (or has available) to spend on the item

is talking about price, which is based off of supply and demand, 2 different things

however everyone agrees the price cannot be less than the cost of the product