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Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,551 posts, read 81,085,957 times
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Multi millionaires didn't get that way by making a "fair profit." They are interested in maximizing their profit. That's why they are moving operations overseas where labors costs are pennies on the dollar compared to here.
Multi millionaires didn't get that way by making a "fair profit." They are interested in maximizing their profit. That's why they are moving operations overseas where labors costs are pennies on the dollar compared to here.
and for the purpose of THIS thread, YOU are the exception. this a compete 1000000% hypothetical.
If it were me, I would start making a product, dishwasher, car, computer, w/e, and put people to work creating a product made in the USA. I think there is a fair chance you would get a lot of Americans to buy it, simply b/c its made in America. That would get people employed, get our country producing something of quality *hopefully* and get Americans spending again, buying things in the USA
If it were me, I would start making a product, dishwasher, car, computer, w/e, and put people to work creating a product made in the USA. I think there is a fair chance you would get a lot of Americans to buy it, simply b/c its made in America. That would get people employed, get our country producing something of quality *hopefully* and get Americans spending again, buying things in the USA
But would they really? How much would you have to pay american workers? how much do the chinese get paid? how much would actually be done by a person and not a machine?
Would americans really pay for a product if it significantly more expensive?
I am not sure I can see much manufacturing coming back to the states...
No people in mass won't pay more for a US product. Your post also demonstrates that it's not the rich who create jobs, it's the middle and lower class who buy the products and services that create jobs. Interesting, isn't it?
Multi millionaires didn't get that way by making a "fair profit." They are interested in maximizing their profit. That's why they are moving operations overseas where labors costs are pennies on the dollar compared to here.
maximizing profit IS the fair profit.
I would start a management consulting company focusing on operational efficiency of the US healthcare industry. That industry is in the dark ages from an operations standpoint. The company would work to increase efficiency and lower costs incurred by individual hospitals as well as hospital systems.
What would you do? How many people do you think you could get working?
The role of business or a "multi-billionaire" is NOT to create jobs. A smart business wants to maximize its profit and MINIMIZE its labor costs. You don't just hire people to give them a job. You hire them because you have a need for labor that you cannot fill yourself.
If I were a lawyer that billed $700/hr and can work 8 hours a day and my lawn needs to be mowed. I would rather HIRE someone to mow my lawn at $10/hr because it takes two hours and I would be LOSING $1400 of billable time by doing it myself.
If I were a lawyer that billed $700/hr and can work 8 hours a day and my lawn needs to be mowed. I would rather HIRE someone to mow my lawn at $10/hr because it takes two hours and I would be LOSING $1400 of billable time by doing it myself.
Not really, only if you mowed your lawn during the time you worked.
Not really, only if you mowed your lawn during the time you worked.
You penetrated his logic.
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