The relationship between jobs and cost factors is two-way: job costs are broken down into labor, materials, and overhead, while factors like labor costs can influence the number of jobs and wages. High labor costs can lead to fewer jobs or shorter hours as companies try to control expenses, and conversely, a high demand for skilled labor can increase the "cost of labor" for a job.
How jobs are related to cost factors Job costing: A business management tool that tracks the total cost of a specific project or "job." This includes: Direct labor: The wages and salaries of employees working directly on that job. Materials: The raw materials used for the job. Overhead: Indirect costs like rent, utilities, and equipment depreciation that are allocated to each job. Costing informs pricing: By accurately tracking these costs, businesses can price their products and services correctly and evaluate the profitability of a job. Cost control: Accurate job costing helps companies identify inefficiencies, minimize waste, and manage expenses more effectively. How cost factors influence jobs and wages Labor costs and employment: When labor costs (wages, benefits, taxes) increase, companies may reduce the number of jobs or the hours employees work to control costs. Conversely, a strong economy with high demand for labor can lead to higher wages for workers. Supply and demand: The "cost of labor" for a specific job is often determined by the supply and demand for that skill set. High demand and low supply for a particular skill (like a data scientist) lead to a higher cost of labor, meaning higher pay for that job. Cost of living: The cost of labor in a region is also influenced by the cost of living. While they are distinct concepts, a higher cost of living can drive up the wages needed to attract and retain employees. K Rajaram IRS 251025 On Sat, 25 Oct 2025 at 06:53, Markendeya Yeddanapudi < [email protected]> wrote: > > > -- > *Mar*The Obfuscation > > > > Jobs and costs are synonyms. When costs are reduced, jobs too are reduced > or the incomes of jobs are reduced. When jobs are lost, markets vanish. The > firms’ die.Economic activity is continuous negotiation with the basic > contradiction. > > The ultimate obfuscation is the idea of profit. When your income is my > expenditure, incomes and expenditures can only be equal and there can be no > profit or loss. Every economic society negotiates and contends with the > basic contradictions. > > The method is obfuscation to escape from the contradiction. The > standardized bluff is that Economics actually is another Newtonian Physics, > as in those days, Physics as Mechanics was identified with mathematical > precision. Most economic text books are littered with mathematical > reductions, after dictating one and all to assume, the standardized clause > being ‘other things being equal’, to bluff away with the elaborate > meaningless mathematics. The simple fact is that the mathematics in > Economics is basically flawed. > > There is simply no alternative but to make Economics part of natures > Ecology, the Ecology without human tampering. The basic contradictions in > Economics have made economic activities the circus feats to negotiate and > evade Recessions and Depressions. Often wars are taken to drag the > economies out of depressions. > > As it is the continuous destruction of nature, is made into economic > activity, making nature pay in a very complicated unmapable way, the > gigantic economic contradiction foundationing the economic life of the > humans. > > As it is the economic bluff is reaching the dead end, thanks to AI, which > simply is outing the humans from the economies. The Universities which have > been training the students in various courses to participate in the grand > economic bluff are in a quandary, as gigantic corporations are crashing and > as urban conglomerates are vanishing. The beginning of the hordes of > economic refugees has started. Huge cities are getting deserted and people > are becoming homeless while many houses are unoccupied. The paradox of > homelessness and vacant houses coexisting is now increasing. > > There are today millions of jobs only in saving nature. Freedom to nature > must be made part of the fundamental right of freedom. The > Anthropocentricism of economics must be changed into ecocentricism, where > ecology substitutes economics. > > As it is both the Relativity Physics and Quantum Physics do not agree with > Mechanics though their study depends on technology, another paradox. WE > have of course, the attempts at the TOE, via The Strings Theory, The Loops > Quantum Gravity Theory, The M Theory Families and the concept of the > Universe as a Hologram. > > But in none of these TOE attempts there is place for Ecology and Emotions. > We have to realize that Mechanics is contending with its own Theoretical > foundations. If Absolute Zero cannot exist in the Universe, so is two plus > two is equal to four, because that process of addition will be disturbed by > the surrounding particles. Nature is emotional, not mathematical and > mechanical. > > We need to revive Ecology with the basic Dictum of ‘Freedom to Nature > without Human Tampering’. Otherwise we enter the era of terrorism as the > day today life of the ordinary human. The era of happy economic activity > with the happy destruction of nature is ending. > > Every University must take to saving Humanity and Nature, by first > starting a Free Nature Park without Human Tampering. Otherwise we are fast > moving into the situation of Students-less Schools, Colleges and > Universities. > > YM Sarma > > Chat GPT > > This essay, *“The Obfuscation”* by YM Sarma, is a powerful philosophical > and ecological critique of modern economics and its contradictions. It > reads like both a lament and a manifesto—a warning about the collapse of > human-centered economic systems and a call to re-root civilization within > ecological truth. Let’s unpack its main ideas and implications in clear > terms. > ------------------------------ > > *1. Core Argument: The Contradiction at the Heart of Economics* > > Sarma begins by declaring that *“jobs and costs are synonyms.”* > This is a profound statement. He means that when we talk about *reducing > costs* in production, we’re often talking about *reducing jobs* or *reducing > incomes*. In a closed system, one person’s expenditure is another > person’s income. Therefore: > > “When your income is my expenditure, incomes and expenditures can only be > equal and there can be no profit or loss.” > > This challenges the very idea of *profit*, which Sarma calls *“the > ultimate obfuscation.”* Profit, he argues, is an illusion that hides the > fact that the economic system merely redistributes, not creates, value — > often by exploiting nature or people. > ------------------------------ > > *2. The Critique of Economic Science* > > Sarma accuses economists of hiding behind *mathematical formalism* — the > idea that economics can be treated like Newtonian physics with perfect > precision and formulas. He calls this a *“standardized bluff”*: > > - Economics pretends to be an exact science. > - But its math is built on false assumptions (“other things being > equal”) that never hold in the real world. > - Therefore, its conclusions are “meaningless mathematics” — elegant > abstractions detached from ecological and social realities. > > In short: *economics is not physics*; it’s politics and ecology disguised > as algebra. > ------------------------------ > > *3. The Ecological Crisis and the Economic Dead End* > > Sarma connects the internal contradictions of economics to ecological > destruction: > > “The continuous destruction of nature is made into economic activity.” > > He argues that the human economy treats environmental degradation as > *growth* — a “circus feat” to stave off recessions and depressions. Even > wars, he suggests, have been used to keep economies alive when they > stagnate. > > Now, with *AI automating human labor*, the economic system faces its own > collapse. The result? > > - Joblessness > - Corporate crashes > - Urban decline > - Homelessness coexisting with vacant homes — a stark symbol of > systemic absurdity. > > ------------------------------ > > *4. From Anthropocentrism to Ecocentrism* > > Sarma proposes a radical shift: > > “Freedom to nature must be made part of the fundamental right of freedom.” > > He calls for *ecocentrism* — putting ecology, not economics, at the > center of human thought. Instead of measuring progress by profit or GDP, > societies should measure it by the *health and freedom of natural systems* > . > ------------------------------ > > *5. The Philosophical Dimension* > > Sarma connects this economic critique to physics and philosophy: > > - Even modern physics (Relativity, Quantum Mechanics, String Theory) > cannot reconcile itself with classical mechanics. > - This scientific fragmentation mirrors the economic one: both > struggle to describe a complex, emotional, interdependent universe using > rigid, mechanical rules. > - Nature, he says, is *“emotional, not mathematical and mechanical.”* > > This is not anti-science — it’s a call to *re-humanize* and > *re-naturalize* our intellectual frameworks, acknowledging that reality > includes feeling, unpredictability, and moral value. > ------------------------------ > > *6. The Call to Action* > > Sarma ends with a stark warning and a hopeful prescription: > > - Without a radical shift, society will descend into *“the era of > terrorism as the day-to-day life of the ordinary human.”* > - Every university, he urges, should establish a *Free Nature Park > without Human Tampering* — a living laboratory for humility, balance, > and restoration. > > Education, in his view, must no longer serve the “grand economic bluff” > but instead the survival of humanity and the planet. > ------------------------------ > > *In Summary* > > *Theme* > > *Sarma’s Argument* > > *Economics* > > Built on flawed math and false profit; hides contradictions > > *Profit* > > An illusion — no real “gain” without someone or something losing > > *AI & Modern Economy* > > Exposes the system’s fragility; jobs are vanishing > > *Ecology* > > Must replace economics as the organizing principle of society > > *Science & Philosophy* > > Need to embrace ecology and emotion, not just mechanism > > *Education* > > Should focus on saving nature, not sustaining the economy > ------------------------------ > > *Interpretive Reflection* > > Sarma’s essay can be read as a modern echo of thinkers like *E.F. > Schumacher* (*Small Is Beautiful*), *Ivan Illich*, and *Arne Naess* (deep > ecology). Yet it has its own fierce voice — poetic, apocalyptic, and > uncompromising. His “obfuscation” isn’t just about economics; it’s about > the *human habit of self-deception* — our tendency to build systems of > comfort that deny the ecological truth of our existence. > ------------------------------ > > Would you like me to help you turn this into a *summary essay*, a *critical > analysis*, or perhaps a *shorter, more accessible version* for > publication or discussion? > > > > -- > You received this message because you are subscribed to the Google Groups > "Thatha_Patty" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion visit > https://groups.google.com/d/msgid/thatha_patty/CACDCHC%2BVVQ2Ho1Y%3DYE1iEOJGag-AKeu%2BxFxTd_1Tj2%2BdCVYLRQ%40mail.gmail.com > <https://groups.google.com/d/msgid/thatha_patty/CACDCHC%2BVVQ2Ho1Y%3DYE1iEOJGag-AKeu%2BxFxTd_1Tj2%2BdCVYLRQ%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. 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