145

Well, that’s not true. So there’s that. Labor is one of the big 3 costs in manufacturing. A company would be stupid not to look for efficiencies in it, just as they do the other two.

146

There are many things of value to people as a whole that may not create a lucrative market for markets to exploit.

If you hold this idea that only goods and services produced by private enterprises are valuable to customers, then I will have to say your study of economics is incomplete.

147

Yes it is true that slashing your workforce does not involve product.

148

So if I here you correctly, a major corporation can produce no product and have no workers, while maximizing profit? Seriously? :thinking:

149

I never said such a thing. I guess we can both be accused of putting words into each others mouth. :wink:

150

Think about what you are saying. Arbitrarily slashing a workforce impacts production of goods a consumer is looking to buy. If that workforce reduction results in less available product, the consumer will simply look elsewhere. That would result in less profit.

In any case, you are misconstruing my argument. The key is that a corporation succeeds by selling something a consumer wants to by. They don’t make arbitrary decisions that would negatively impact the availability of their product and survive.

151

Wow that’s plastic man stretchiness.

152

If you look at the current economy… absolutely. Consider the difference between Snapchat and Kodak. Both were dominant in photography at different times. Kodak created jobs across the nation. If I recall correctly, Snapchat had nineteen employees at the time of its IPO.

If we can put aside its stupid Betsy Ross stumble, Nike is a prime example of a company where much of its value chain is outsourced… with a minimal organization deriving value primarily from offshore work.

Why do entities from UBER to World-Wide-Wrestling fight so hard to have the people who create value classified as contractors and not as workers? Optimization requires shifting risk out of one’s own organizations and contractors/outsourcers and the like pose less risk (and less cost) than employees.

153

Once again we might be putting words into each others mouths. I never meant to imply that a corporation must employ lots of people to produce their product. I’m arguing that a company maximizes profit by producing something that consumers want to buy. Obviously productivity and efficiency plays a large role in the cost of producing that product.

154

Venezuela is where we are headed if the left gets its way.

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In your opinion, and only one was the actual target.

156

Huh.

Who exactly do you think produces the product?

Go take a business class. Or better yet get a paper route. Pay your friends to help you with it because they want too. See how much you have left over.

157

Have you put a fare alert on a couple of the travel sites to get your tickets… cause the rest of us intend to stay here in the good old USA.

158

I’m not going anywhere. I will be here to be a thorn in the side of those desiring to be like Venezuela. :+1:

159

What a boring stance to take, since there will be no one for you to needle. As has been pointed out earlier in this thread, Venezuela is the new version of “We’re turning into Greece”. Pushed by the same people. We didn’t turn into Greece, but there are so many people willing to fall for this malarky.

160

Then why does business layoff/fire workers?

161

Go take a business class. Lay off and fire are two entirely different things.

162

And more stretchiness.

163

And hence the sniveling and whining over college debt. They actually borrowed money to be indoctrinated by “professors” who have captive audiences they can spew ideological propaganda at.
Agree or fail?
LOL maroons.

1 Like
164

If you support private property, then it makes no sense to complain about “government intervention”.