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Old 06-02-2018, 11:41 AM
 
2,538 posts, read 4,890,204 times
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In Monterey Park there's a little mall (on S. Atlantic across from Panda Express) that has at least seven manicurist places. Isn't that against some laws of economics? So many of the same business in a small place. They would cancel each other out.

In Monterey Park I get this impression that massive economic growth is happening. Some magazine named it one of the best cities in the whole country. The stores are packed, even the Target in Alhambra is full at 8PM on a work night. Do you see that also?
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Old 06-02-2018, 12:25 PM
 
Location: Los Angeles (Native)
25,306 posts, read 16,517,408 times
Reputation: 12191
Quote:
Originally Posted by robertpasa View Post
In Monterey Park there's a little mall (on S. Atlantic across from Panda Express) that has at least seven manicurist places. Isn't that against some laws of economics? So many of the same business in a small place. They would cancel each other out.

In Monterey Park I get this impression that massive economic growth is happening. Some magazine named it one of the best cities in the whole country. The stores are packed, even the Target in Alhambra is full at 8PM on a work night. Do you see that also?
I haven’t been there for a long time . I notice a ton of Asian massage parlors in L.A though .
Growing up I would see some but nothing like now . With the low prices makes you wonder how many are actually following min wage laws and stuff .

Of course some are offering more than just massage but that’s another topic.

Of the years the Chinese economy has grown and the number of Chinese millionaires has exploded .

The L.A area is their top choice of places to live and invest .

CHINA HAS NINE TIMES MORE MILLIONAIRES THAN A DECADE AGO: SURVEY
http://www.newsweek.com/chinas-wealt...-survey-627414

Billionaire population in Hong Kong is catching up to New York City - Business Insider

China is churning out a new billionaire every 5 days - Business Insider
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Old 06-02-2018, 03:46 PM
 
Location: In the heights
24,917 posts, read 25,497,930 times
Reputation: 13283
Quote:
Originally Posted by robertpasa View Post
In Monterey Park there's a little mall (on S. Atlantic across from Panda Express) that has at least seven manicurist places. Isn't that against some laws of economics? So many of the same business in a small place. They would cancel each other out.

In Monterey Park I get this impression that massive economic growth is happening. Some magazine named it one of the best cities in the whole country. The stores are packed, even the Target in Alhambra is full at 8PM on a work night. Do you see that also?
Not entirely. Taken at face value, a cluster of shops serving the same or nearly the same service often naturally develops. On one hand, there's over saturation; on the other hand, there's also increased business for an area to be known for a specific industry. It's why city neighborhoods often have a block that are specific to a very certain activity like a nursery row or some such.
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Old 06-02-2018, 05:22 PM
 
601 posts, read 268,896 times
Reputation: 827
Quote:
Originally Posted by jm1982 View Post
I haven’t been there for a long time . I notice a ton of Asian massage parlors in L.A though .
Growing up I would see some but nothing like now . With the low prices makes you wonder how many are actually following min wage laws and stuff .

Of course some are offering more than just massage but that’s another topic.

Of the years the Chinese economy has grown and the number of Chinese millionaires has exploded .

The L.A area is their top choice of places to live and invest .

CHINA HAS NINE TIMES MORE MILLIONAIRES THAN A DECADE AGO: SURVEY
China Has Nine Times More Millionaires than a Decade Ago: Survey

Billionaire population in Hong Kong is catching up to New York City - Business Insider

China is churning out a new billionaire every 5 days - Business Insider
They don't follow minimum wage laws. Most are paid commission and mostly cash, no employer benefits with 70hr work weeks.

The no employer benefits and cash allow for all kinds of Gov. assistance. Which more than make up for anything resembling low wages.
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Old 06-02-2018, 06:28 PM
 
Location: Elysium
7,587 posts, read 4,157,244 times
Reputation: 5375
Quote:
Originally Posted by robertpasa View Post
In Monterey Park there's a little mall (on S. Atlantic across from Panda Express) that has at least seven manicurist places. Isn't that against some laws of economics? So many of the same business in a small place. They would cancel each other out.

In Monterey Park I get this impression that massive economic growth is happening. Some magazine named it one of the best cities in the whole country. The stores are packed, even the Target in Alhambra is full at 8PM on a work night. Do you see that also?

Since enough people are willing to pay someone else to paint their nails there is no overabundance of such places. And having the air conditioning of a mall when the customer steps outside that she is in relative comfort compared to the slightly cheaper, because of a lower rent, storefront outside of the mall probably helps. Something had to replace the book and record stores in the mall after all. Every retail space in a mall can't be another athletic shoe store selling the exact same product for the exact same price with the only difference being the sales staff wearing a different sports related t-shirt.
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Old 06-02-2018, 06:43 PM
 
Location: Los Angeles (Native)
25,306 posts, read 16,517,408 times
Reputation: 12191
They are also pretty recession proof . People still get their hair and nails done when the economy isn’t great .
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Old 06-03-2018, 06:14 PM
 
84 posts, read 61,323 times
Reputation: 168
I bet all 7 nail stores are own by the same person or 2 people.

Think Las Vegas, with 50 casinos in one city, wouldn't that destroy Las vegas? Apply that same logic and that little mall has become the Las vegas of Nails.
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Old 06-03-2018, 06:23 PM
 
Location: Los Angeles (Native)
25,306 posts, read 16,517,408 times
Reputation: 12191
Quote:
Originally Posted by Lablitz View Post
I bet all 7 nail stores are own by the same person or 2 people.

Think Las Vegas, with 50 casinos in one city, wouldn't that destroy Las vegas? Apply that same logic and that little mall has become the Las vegas of Nails.
Yeah I really wouldn’t be surprised if that was the case .

It’s like that with the car rental companies .

Hertz, Dollar and Thrifty are all owned by the same company
And Enterprise , national and Alamo all owned by one company ,but a lot of people probably don’t realize .
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