Downtown Josh Brown
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Appearances Over Time
Podcast Appearances
Operating margins are still increasing.
Could we look back at some point and say this is the peak?
But again, back to that, okay, let's pretend then this is the peak.
What if then it's 1996?
Uh, yes, but I'm not sure transparency would solve the suspicion to your point.
Like I think there, there are skeptics out there.
I think the skeptics will probably continue.
And in some ways, like, I don't know, do we want comfort?
Cause so far it's been a decent investing setup.
So do we want, do we need people to be more comfortable?
I'm not, I'm not sure the answer.
That's a good question.
Do we need drive?
Do we need that as the driver?
Yeah.
Right.
Yeah.
So I would say, well, let's look at the forward indicators in terms of what's correlated to margins.
And the biggest correlation to margins is unit labor costs.
So labor, especially when you sort of compound it for productivity is