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11-12-2012, 02:04 PM
  #444
Habs
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Quote:
Originally Posted by DAChampion View Post
Wrong, in high-talent fields it is common for employee compensation to run higher than 50% of revenue. I previously gave the example of Wall Street on this thread, where investment banks like Morgan Stanley spend 51% or 52% of their revenue on compensation. When employers have to compete for high-talent individuals, wages go up and up.
You are actually wrong, this can't be applied to all 'high-end' talent unions. Most labour unions are a set hourly rate, they don't get a piece of the pie when we bid a job, for example

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