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Originally posted by lendaddy
I wonder how this compares to the profit margin/gross revenue of some really useful industries in the US, like....say...lawyers and law firms? 
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Tough one to compare - the raw materials and process costs are not as defined. More slop and spin in the service industry. When you have measurables like crude and production costs (energy bills, labor, equipment) than it is a little more cut and dry. When lawyers or any service is involved your costs are people. How do you put a value on that? Going rate for a decent lawyer is $325/hr (less if they are less experienced more if they are Danny Crane).
Still, how do you determine the hourly value of a service? Is it the mean of the competition that sets it? I know that when I freelance I charge X$/word for an article or and hourly rate which can either A) Take into account several factors or B) Set to make a certain $$$ and back into it.