Closing Bell · Closing Bell 10/12/26
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reported unit labor costs were up only 1.4% YoY
1.4% YoY increase in unit labor costs
“Carnegie also insisted on railroad-style cost accounting… His monthly reports carefully spread labor costs… tracked all raw material inputs and percentage of waste… competitors literally had no idea what was going on inside their own company.”
“Measure the return… might be cost savings, might be revenue growth, divided by both the labor cost and the token cost associated with that project.”
“When we train a dealership on how to increase parts and labor sales, it costs $45,000 to prepay for the year.”
“Ordering at the counter… a way to save on labor costs… tables turn more quickly when you’re not waiting for service.”
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