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POTUS 46.10: A New Hope

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SJHovey said:
It seems to me that if this statement is true, we should see a bunch of people jumping into those businesses. If I can manufacture a product and sell it cheaper than a competitor or existing manufacturer, and still make a reasonable profit, seems like a lot of low hanging fruit to me. Might be time for you to ditch academia and bartending and jump into business. Come to the dark side, Handy.
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Of course, we should just ignore the billion dollar entry fee to make stuff. It’s not exactly the same thing to build batteries in your garage vs in a plant designed to make them at volume. The point is how the decision makers are so much compensated vs the ones actually building the hardware. And the bad decisions they make only risk the workers, not them.

It sucks when a billion dollar mistake results in other people losing their jobs, doesn’t it? And their Compensation remains a couple or orders of magnitude higher than the ones at risk for their bad decisions.
 
aparch said:
I talked with a couple coworkers about the UAW strike because they mentioned how ridiculous the pay increase ask was. When I pointed out it was the same % increase the CEO had over the last few years, they went "oh, makes sense then."

Also, now armed with the stat posted here a few days ago (or maybe I saw it on Threads) where CEO pay for the big three are 10 to 20 times more than the highest paid European car CEO, has been beneficial in making sense of it with people.
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When it looked like the UPS Teamsters were going to go on strike it was pretty easy to explain to people “the company made record profits during the pandemic and spent billions on stock buybacks and dividends while we worked our a-es off and got very little. We want to be rewarded for our work.” Most people could understand.
 
SJHovey said:
It seems to me that if this statement is true, we should see a bunch of people jumping into those businesses. If I can manufacture a product and sell it cheaper than a competitor or existing manufacturer, and still make a reasonable profit, seems like a lot of low hanging fruit to me. Might be time for you to ditch academia and bartending and jump into business. Come to the dark side, Handy.
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This essentially amounts to "Stop being poor"

sure, those gaps will be filled. But only by those of means. Getting loans for businesses are available, but often through predatory means. You might be able to get an SBA loan, but good luck spinning up the business in time to meet market demands.
 
Cafe: Prices are grossly inflated due to corporate greed. Cost of goods aren’t rising nearly as fast as prices.

Me: Seems like a prime opportunity for someone to jump in, undercut the competition, but still make money.

Cafe: Are you crazy?! Do you have any idea how expensive it is to make goods?!
 
SJHovey said:
Cafe: Prices are grossly inflated due to corporate greed. Cost of goods aren’t rising nearly as fast as prices.

Me: Seems like a prime opportunity for someone to jump in, undercut the competition, but still make money.

Cafe: Are you crazy?! Do you have any idea how expensive it is to make goods?!
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You can't exactly get a factory and supply chain built overnight, and by the time you do the issue you are trying to exploit may have been corrected. Existing producers know of this barrier to entry and thus can exploit temporary imbalances like this, at least in the short term.
 
SJHovey said:
Cafe: Prices are grossly inflated due to corporate greed. Cost of goods aren’t rising nearly as fast as prices.

Me: Seems like a prime opportunity for someone to jump in, undercut the competition, but still make money.

Cafe: Are you crazy?! Do you have any idea how expensive it is to make goods?!
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That isnt what we are saying at all but keep trying!

Ever heard of startup costs?
 
French Rage said:
You can't exactly get a factory and supply chain built overnight, and by the time you do the issue you are trying to exploit may have been corrected. Existing producers know of this barrier to entry and thus can exploit temporary imbalances like this, at least in the short term.
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Oh you and your facts...
 
St. Clown said:
when Pres. Clinton started with that slogan, the economy was no longer in recession, and hadn’t been for close to a year. Creating optics to your advantage often matters more than reality.
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IIRC, 18 months prior to Election Day is considered the window of public perception. If you're still in a recession at that time, it's probably going to stick in the minds of voters, even if things start to recover.
 
RaceBoarder said:
Sure, we can post individual stats that show net gains between 2020 and now. But that doesn't overcome what everyday people see & feel on a daily basis.
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The economy added 336,000 jobs last month; but in this Ohio diner, that number seems off. ;-)

RaceBoarder said:
And look, most of the people here have dual incomes, a home, multiple vehicles, etc. Y'all aren't millionaires, but if you need to do a $1500 emergency repair on your car or have an injury, you don't need to do a deep dive into your financial books to figure out the best way to pay that off. That's the main point here. The optics are definitely different based on your perspective here.
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This has always been the case. The issue is that the number of wage slaves/working poor has grown since the 80s, largely enabled by Republicans, and their failed policies of trickle-down economics and endless cuts to safety nets.
 
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