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Well, there's also that 32.8% LEGO Group operating margin...
by johansch 9y ago
Well, there's also that 32.8% LEGO Group operating margin...
- sbuttgereit 9y agoYes, they deliver value for money and profit from it! Great and more power to them! It's a show of how much greater in value their product is to their customers than the sum of its constituent parts/labor (or, put another way, its cost). Whenever someone goes out of their way to complain about the profit someone makes (as though its dirty somehow) I always wonder... have you ever calculated your own profit margin? Having a job is rarely free and, unless you you're just living off prior earnings/trust fund/etc. this is a figure you can come up with. Most people I've known, including myself over time (I've for worked everything from minimum wage to very healthy salaries), have done pretty well in the profit margin percentage area as compared to the 32.8% markup you cite. To be fair, you certainly didn't register a complaint per se in your comment, but something to think about before making that complaint.
- 086421357909764 9y ago+1 Making money isn't bad.
- mwfj 9y ago-1 Off-topic. (I just explained why Lego is expensive. Nothing else.)
- deleted 9y ago[deleted]
- johansch 9y agoWell that was weird. The grandparent asked why LEGO was so expensive. People reply with familiar Lego Group PR sound bytes that don't explain the markup. I reply with fresh economic facts that actually explain the costs and I am implicitly being cast as either a communist or as being ignorant? Maybe don't be so judgemental for no reason?
- ctdonath 9y agoA thing is worth what another is willing to pay for it.
- johansch 9y agoYeah, that seems like a truism. Do you also have a point?