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re: I’m convinced Bernie Sanders does not grasp the idea of profit margins
Posted on 5/24/19 at 10:06 pm to TeLeFaWx
Posted on 5/24/19 at 10:06 pm to TeLeFaWx
quote:
Welfare has gone way up over the years and wages have been stagnant as frick
Wages at the bottom became more stagnant at roughly the same time as the war on poverty.
The gubment is basically subsidizing worker pay. Remove the net, workers are more motivated and wages will increase.
This post was edited on 5/24/19 at 10:08 pm
2
Posted on 5/24/19 at 10:11 pm to FightnBobLafollette
quote:
FightnBobLafollette
RESIST!!!!! REEEEEEEEEE!!!!
That’s all you waterheads have.
You are one stupid motherfricker
Posted on 5/24/19 at 11:22 pm to HailHailtoMichigan!
quote:
If Walmart underplays their employees, competitors will swoop in and bid those employees away
Wal-Mart isn’t underpaying their employees, the market price for that labor is being driven down from welfare subsidizing the costs required from a wage.
Posted on 5/24/19 at 11:31 pm to RogerTheShrubber
quote:
Wages at the bottom became more stagnant at roughly the same time as the war on poverty.
The gubment is basically subsidizing worker pay. Remove the net, workers are more motivated and wages will increase.
Exactly what I’m saying.
Posted on 5/24/19 at 11:40 pm to RogerTheShrubber
Bernie couldn't pass a drug screen if his life depended on it. He doesn't know what planet he is own.
Posted on 5/25/19 at 2:23 am to BBONDS25
quote:
NC Tiger posted 3 examples just below my post asking if when examples were posted you would call Bernie an idiot. As expected, you did not. You are persistent, but you don’t seem to be the brightest bulb. I enjoy your posts, though.
The issue is does he know what profit margins are.
You and he continue to evade providing any instance that shows he doesn’t.
Posted on 5/25/19 at 2:24 am to BugAC
quote:
OP said profit MARGIN, dumbass. Pretty sure you don’t understand it either.
I know what was posted. And you nor he has shown snything close to showing he doesn’t.
Posted on 5/25/19 at 2:26 am to Rekrul
quote:
RESIST!!!!! REEEEEEEEEE!!!!
That’s all you waterheads have.
You are one stupid motherfricker
This is a melt.
We are discoing what Sanders knows about profit margins. Nothing else.
Posted on 5/25/19 at 4:05 am to FightnBobLafollette
quote:
shows he doesn't even understand basic economic facts.
E.g.,
No it doesn’t.
And you have yet to show he doesn’t understand profit.
Posted on 5/25/19 at 4:23 am to FightnBobLafollette
quote:That was laid out for you. It becomes quickly apparent that neither you nor Sanders understand profits.
We are discoing what Sanders knows about profit
In 2016, a Forbes Magazine author called out MCD for it's stock buyback program. He did not have the foresight to recognize MCD stock value would more than double in the ensuing 2 1/2 years. He made a bad call. It happens.
However, Bernie is saying the same thing 2 1/2 yrs later, even though he has the ability to look up MCD post-buyback stock performance, and retrospectively assess business decisions.
So let's clear this up.
In 2016, if you were on the MCD board and knew your stock was undervalued, and would more than double over the next 2 1/2 yrs, would you push for a stock buyback, or instead would you push to raise workers' wages out-of-proportion with the industry?
Posted on 5/25/19 at 6:00 am to HailHailtoMichigan!
Bernie... Just another commie who has banked millions exploiting the poor.
This post was edited on 5/25/19 at 6:01 am
Posted on 5/25/19 at 6:08 am to NC_Tigah
quote:
a company that took in $1.4 billion in profit and paid its CEO $22 million
Oh my God! How outrageous! The ceo was paid 1.8% of the company's profits! This is outrageous!
quote:
can’t also pay its workers a living wage.
Has anyone yet to explain exactly what a living wage is?
You can absolutely support yourself working at McDonald's.
You cannot support yourself and a litter of children as an entry level cashier. But you're not supposed to get paid enough to comfortably provide for a family of 4 as a minimum wage worker.
Posted on 5/25/19 at 6:18 am to Clames
quote:
His supporters are morons like him
This. They don't know what they don't know. They're the same crowd who organize protests against the oil companies for price gouging at the pumps in California, while disregarding the role of the state government for taxes and regulations there.
This post was edited on 5/25/19 at 6:42 am
Posted on 5/25/19 at 6:21 am to FightnBobLafollette
quote:
The issue is does he know what profit margins are
When someone brings up the total profit a company makes as support for the idea that it proves the company can afford he particular salary per employee it indicates that he hasn't thought through the profit margin.
If I own a company my total profit doesn't dictate my salary structure my profit margin dictates my salary structure.
Posted on 5/25/19 at 6:37 am to ShortyRob
He’s citing the profit of McD Corp, while discussing forcing McD franchising needing to be forced to pay higher wages. This shows he doesn’t understand franchising.
This post was edited on 5/25/19 at 6:38 am
Posted on 5/25/19 at 6:39 am to FightnBobLafollette
quote:
The issue is does he know what profit margins are.
I don’t think that’s the issue at all. Sanders seems to be indicating he doesn’t understand profit let alone profit margin. By more than doubling wages for thousands of employees, and assuming the same amount of hours are still worked, it will quickly drive up costs, and if revenue stays the same then MCD can likely have losses instead of profits. If that occurs, then machines will replace employees. But wait, that’s already happening because MCD understands profit and profit margins better than Sanders.
Posted on 5/25/19 at 6:42 am to ShawSawTheMoor
quote:
This. They don't know what they don't know. They're the same crowd who organize protests against the oil companies for price gouging at the pumps in California, while disregarding the role of the state government in taxes and regulations there.
these are teh idiots i see on FB who TRULY BELIEVE that workers are responsible for all production and profits are theft
they truly believe that companies would be run just as well with a purely democratic structure of workers voting
Posted on 5/25/19 at 6:54 am to Dawgfanman
quote:yeah
iting the profit of McD Corp, while discussing forcing McD franchising needing to be forced to pay higher wages. This shows he doesn’t understand franchising
That too
Basically. The man somehow has no idea how a business is run
Posted on 5/25/19 at 6:55 am to ShortyRob
quote:Market forces dictate pay. If labor is in demand, wages will rise.
my profit margin dictates my salary structure.
One of the interesting prog observations is that inflation adjusted wages "are flat" over an extended period. But that period inevitably extends only to the 1990's and the dot.com economy.
In terms of middle class wages compared with the 1960's - 1980's, the "flat wages" assertion is assuredly false. Inflation adjusted wages are up ~15% (20% depending on the timepoint) by comparison.
But secondly, why would a store clerk doing the same work, at the same skill level, and the same production as his predecessors be paid more (dollar adjusted) than they were? Economically, the expectation is a head scratcher. If worker pay generally exceeds inflation, corporate solvency wanes. Companies are shuttered. Workers lose their jobs, and instead of having Bernie's 10% wage increase, they have no wage at all.
Reality is confusing for Bernie and his acolytes.
This post was edited on 5/25/19 at 6:57 am
Posted on 5/25/19 at 7:00 am to NC_Tigah
quote:
But secondly, why would a store clerk doing the same work, at the same skill level, and the same production as his predecessors be paid more (dollar adjusted) than they were? Economically, the expectation is a head scratcher. If worker pay generally exceeds inflation, corporate solvency wanes. Companies are shuttered. Workers lose their jobs, and instead of having Bernie's 10% wage increase, they have no wage at all.
Part of their problem is that they hilariously think increased productivity numbers are somehow because individually workers have gotten better.
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