I suspect there weren't that many FT employees of the WMF in 2008, if any?
If I remember, WMF started that year based in Florida and moved sometime
during the year. Could be that employee expenses were housed in Bomis or
ledgered as something other than a labor expense.

On Sun, Jan 30, 2022 at 4:33 PM Chris Keating <[email protected]>
wrote:

>
>
> On Sun, Jan 30, 2022 at 1:25 PM Andreas Kolbe <[email protected]> wrote:
>
>>
>> Cost per employee       28796   39801   51133    73896    84781
>> 86493   102053   106065   116726   131734   140419   149155
>>
>
> I find it hard to believe that the WMF's average cost per employee has
> increased from $28,796 in 2008 to $149,155 in 2019. That does not seem
> credible to me. The figure is remarkably low in 2008 and remarkably high in
> 2019. Perhaps there is something else happening in the data?
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