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> I'm guessing the real reason for not wanting these deposit boxes is the same reason banks are shedding branch staff--labor is costly; It's because most busin
by Lio 4y ago
> I'm guessing the real reason for not wanting these deposit boxes is the same reason banks are shedding branch staff--labor is costly;
It's because most business schools teach business administrators to seek rent for doing nothing.
Making anything, providing any service or really doing anything other than pure rent seeking is an opportunity to be beaten by those who care enough to do it better and so should be avoided.
The ideal business would be one where capital is rented out for maximum return without having to think about how to get the best return.
To a remote man with a spreadsheet everything has a cost and nothing has a value.
- michaelt 4y ago> It's because most business schools teach business administrators to seek rent for doing nothing. To be fair, renting out metal boxes you already own doesn't exactly sound labour-intensive.