Labor utilization is only one piece of a very big puzzle. Other pieces that change more quickly include commodity and supply chain costs, competitor activities, technological advances, and many other factors, all of which can change quite quickly in our globalized world.
"Quite quickly" and "so quickly that a basement full of racks of FPGAs, point-to-point radios, transcontinental fibre runs and optical switches are required to extract our value" are maybe not exactly the same thing.
