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Unfortunately, Times got it backwards with respect to ratios and does not understand the concept of revenues, costs and profits. The ratio of wages to sales is irrelevant.
Every business, including NYTimes, will pay no more than the value added by any single employee. This is the upper bound, the number gets pushed down due to supply and other externalities. In case of Apple it appears some would even pay for the privilege of wearing the blue shirt.
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secondverse posted this