Andy Puzder: Bernie Sanders doesn't have a clue about Economics 101 (and that's scary)

In a recent tweet, presidential candidate Bernie Sanders confused the basic economic concepts of revenue and profit. Sanders tweeted that "[t]he video game industry made $43 billion in revenue last year. The workers responsible for that profit deserve to collectively bargain as part of a union." Of course, the $43 billion was revenue, not profit - and there is a difference. Profit is what's left after a business pays the costs of generating revenue.