3 ms·
A couple of caveats: (1) The supply chain and risk landscapes have changed, and my anecdotal sense is that companies need larger margins to compensate. (2) Comp
by BlandDuck 3y ago
A couple of caveats: (1) The supply chain and risk landscapes have changed, and my anecdotal sense is that companies need larger margins to compensate. (2) Competition will generally keep abnormal profits in check. If your competitors raise prices and underpay workers, there is nothing stopping you from keeping your own prices lower and increase the wages you pay to attract the people you need and increase your own sales and profits. If companies don't do that, you need to at least contemplate why not.
- frithsun 3y agoCompanies being greedy and attempting to maximize their profits is a totally new thing. Up until recently, companies were all about being great to employees and saving their customers money.
- guerrilla 3y ago> Companies being greedy and attempting to maximize their profits is a totally new thing. Up until recently, companies were all about being great to employees and saving their customers money. This is sarcasm, right?
- TheCapn 3y agoDepends on what timeframe you consider the OP sees as "new thing". Reaganomics really was the start of this trend though I'm sure it is easy to find examples prior to then looking back until the Great Depression.
- thatguy0900 3y agoCompetition only works if the government keeps a few megabrands from buying up everything, which is not really the case
- tdehnel 3y agoIt is easier than ever to start a company, even one that makes physical goods, and compete in almost every sector.
- FollowingTheDao 3y agoEasier to start, easier to compete, but much, much more likely to fail.
- digdugdirk 3y agoI'd love to know what products you're imagining when you make that statement. I work in manufactured goods, and there's massive start up costs when it comes to machinery, human capital, logistics, everything. You might be able to fill out some forms online to "start a company", but the actual process to get a physical product into the hands of a customer is wildly difficult these days - and that doesn't even consider the fact that you're often fighting a losing battle against Amazon and Chinese counterfeiters right from the get-go.