A heretical thought crossed my mind after getting back our Parish Council accounts (postage due) from a top firm of Canary Wharf accountants. How can it be cost effective to pay people who won't get out of bed for less than £100/hour to audit our £1200 of expenditure?
The income distribution of North Yorkshire parish councils is:
For the same reason that it's cost effective to pay a plumber £40/hour to change a tap worth £40, or a mechanic £20/hour to change a pipe worth a fiver.
The cost of labour isn't related to the cost of the item being worked on, it's related to the skill necessary to work on it and the rate that the market will bear.
Of course there are. They may not necessarily be cheaper, though.
Mark
Have something to add? Share your thoughts — no account required.
Ask the community — no account required