Originally Posted by
OOfff
more employees dilutes the profitability because of higher wages, but their ps does not affect our ps percentage of that profit. ours is still defined as x% of $y of ptix
Originally Posted by
172skychicken
Margins are still nowhere near recovered to what they were precovid. If they start to recover the higher PS percentages will be back in play.
PTIX in 2019 was very similar to 2024, both around $5B. The PS pool in 2015 was $1.5B and paid 21%, in 2019 was $1.6B and paid 16%, and in 2024 was $1.4B and paid 10%. How else do you explain the disparity if not for the difference in the number of employees, which is 25% higher in 2024 than 2015. 2019 was in the middle of the two.