Costs of manufactured articles importantly depend on the cost of raw materials as well as labor, and the prices of many raw materials do not fluctuate directly with the labor cost of producing them.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Costs of manufactured articles importantly depend on the cost of raw materials as well as labor, and the prices of many raw materials do not fluctuate directly with the labor cost of producing them." in the context of "Charles E. Wilson cited in: Ernest Dale (1950), Sources of economic information for collective bargaining. p. 36" to mean that wisdom is timeless.