The economics of running a department store
Ok, I'm stumped. Back then, you have literally hundreds of employees working in this department store. Almost one clerk per counter plus dozens more in support behind the scenes. How on earth does the store not go under from the cost of labor? Now days, it's maybe half a dozen people per floor if that.
What am I missing here? Was the labor is so cheap back then that they could afford hundreds of people? Were the prices set high enough to support such a staff? Little to no competition maybe? Even the boss was filthy rich.
Why does model this work back then, but would be considered a huge waste of resources today?