interpretation of retail labor income
In working through the IMPLAN3 demo, I increased the number of employees in the "Retail Stores..." sector 329, by 10. The result of the scenario shows total income of $111,258, which divides out to $11,125.80 per employee; is that per year?? What is going on here? I was told it has something to do with the way IMPLAN calculates margin. Can you explain that please? Also, if I know the square footage of a building is there anyway to calculate how many retail employees will be necessary, or optimal?
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