You don’t know how much I appreciate the comments in this thread. It’s a far cry from we normally get from these type threads.
pabstist, I think you’re misinformed here. When you went to Red Lobster last month with a friend and the bill came to $58, the fact is/was the food on the plate costed about a quarter of that. (and much less than that for alcohol)
If they showed you their P&L you’d be astounded; *that lobster was the most incidental part of the meal. *The costs of running that restaurant are amortized down to every meal. You’d paid a sliver of the night cleaning crew, the chemicals in the dishwasher, rent, property taxes, payroll costs, the waitresses apron, the linen service, the repair man who fixed the walk in this afternoon, the bank fees, the quarterly accountants filings, and 200 hundred other items. You----and the other patrons----all paid a sliver of all the costs of keeping that restaurant open.
That Plumber showed up in a uniform, a professional truck, (which was likely lettered), had a cell phone, workers comp, liability insurance, several thousand dollars worth of tools on his truck, several thousand more in inventory, and 200 other items you never think about. That lady you talked to? She expects to be paid. The plumbing shop—you know the one 10 minutes away? They pay rent there, property taxes, heat light phone, cable, water, thousands in licensing fees and registrations. That experienced plumber-------you know the one who had a complete set of skill sets that you don’t-------he was paid tens of thousand learning his trade.
When you pay a professional tradesman (with an emphasis on professional) you are paying him for what he knows, and all of the other costs of running his business. Just like the meal in a restaurant represents an incremental part of the bill----and an incremental part of the costs of running that restaurant----the $20 that paid for that part is an incremental part of that business.
That’s exactly why a $20 part costs $65.