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re: I’m convinced Bernie Sanders does not grasp the idea of profit margins
Posted on 5/25/19 at 7:02 am to ShortyRob
Posted on 5/25/19 at 7:02 am to ShortyRob
the real question with all of these populist policies is how much the politician believes it vs. how much they know it's a good selling point for dumb/hopeful people who may vote for them
with Bernie, given his 40 years, i think it's a legit position and he's just fully ignorant. i think that genuine nature is why he can sell it so well (and why, say, Corey Booker, comes off as the most fake politician in the history of the US)
with Bernie, given his 40 years, i think it's a legit position and he's just fully ignorant. i think that genuine nature is why he can sell it so well (and why, say, Corey Booker, comes off as the most fake politician in the history of the US)
2
Posted on 5/25/19 at 7:05 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.
given the nature of our developing economy, it makes no sense. the fact that we have illegal labor occupying a lot of this lower tier is a clear indicator of its actual market value (and many leftists will admit this if you use the right words)
trying to explain "anybody can do your job" to people who do those jobs is a tough sell, though
Posted on 5/25/19 at 7:05 am to SlowFlowPro
quote:
the real question with all of these populist policies is how much the politician believes it vs
All indications with Sanders life history are that he is sincerely this stupid.
quote:yep.
. i think that genuine nature is why he can sell it so well (and why, say, Corey Booker, comes off as the most fake politician in the history of the US
Bernie to me isn't the problem. The problem is that LOTS of people we ridiculously refer to as "educated" in America aren't actually educated enough to just laugh at him.
Posted on 5/25/19 at 7:08 am to NC_Tigah
quote:
worker pay generally exceeds inflation
= recession, every time
Posted on 5/25/19 at 7:12 am to HailHailtoMichigan!
Many of the morons don’t understand or won’t admit that in most of these companies the MINIMUM WAGE is a STARTING WAGE for new employees.
As an employee gets more training and experience, their hourly wage increases.
Not every employee you see working at a McDonalds is making minimum wage. Most of them are making more because they have been at their job for longer than 90 days and they have completed certain trainings and developed skills.
What idiots don’t understand is that if you force a company to pay a brand new employee with no skills a higher starting wages, then you will also have to increase the hourly wage of your more skilled and experienced employees who have gotten “raises”. Or else you negate the reward that these seasoned employees got for being the more senior and skilled persons.
HAVE ANY OF THESE IDIOTS EVER OWNED A BUISNESS OR EVEN MANAGED ONE.
As an employee gets more training and experience, their hourly wage increases.
Not every employee you see working at a McDonalds is making minimum wage. Most of them are making more because they have been at their job for longer than 90 days and they have completed certain trainings and developed skills.
What idiots don’t understand is that if you force a company to pay a brand new employee with no skills a higher starting wages, then you will also have to increase the hourly wage of your more skilled and experienced employees who have gotten “raises”. Or else you negate the reward that these seasoned employees got for being the more senior and skilled persons.
HAVE ANY OF THESE IDIOTS EVER OWNED A BUISNESS OR EVEN MANAGED ONE.
Posted on 5/25/19 at 7:21 am to TurkeyBaconLeg
I worked at McDonalds for 2 years in HS. Started at minimum wage (it was 3.25/hour I think) and by the time I quit I was earning 7/hour as a “shift lead”. I would run a register (supplemental for busy hour) and cook all at the same time. I was 15-17 years old during this time. If I’d have wanted to they’d have made me a shift manager (10-12/hour back then) and eventually a store manager (probably 50-60k back then). It was a great place to learn about responsibility, work flows, business processes, and it was actually fun since most who worked there were my age.
Posted on 5/25/19 at 7:59 am to ShortyRob
quote:
aren't actually educated enough to just laugh at him
This is a frightening trend in America. Even 20 years ago buffoons like Sanders, Elizabeth Warren, Corey Booker and Alexandra Ocasio-Cortez would have been laughed to scorn. Now they're star celebrities on talk shows and feted by the news media royally.
This post was edited on 5/25/19 at 8:06 am
Posted on 5/25/19 at 8:11 am to CelticDog
quote:
He knows USA pays billions for Walmart employee food stamps
So you’re in favor of reducing food stamps?
Posted on 5/25/19 at 8:18 am to FightnBobLafollette
quote:
You and he continue to evade providing any instance that shows he doesn’t.
He throws out the $1.4 billions in profit line without any context. McDonalds Corporate profit margin sits at about 26% for the last quarter. Buts that the corporate margin.
McDonalds is a franchise and it is the individual franchises who employ the vast majority of the no skill labor. So his comments on McDonald’s “1.4 billion profit” are not only out of context but also completely fricking irrelevant.
He is probably the most economically illiterate presidential candidate in US history.
This post was edited on 5/25/19 at 8:19 am
Posted on 5/25/19 at 8:22 am to Antonio Moss
quote:
He is probably the most economically illiterate presidential candidate in US history.
AOC says "hold my beer" in 2024.
Posted on 5/25/19 at 9:21 am to HailHailtoMichigan!
Minimum wage shouldn’t exist at all. Businesses should be allowed to set wages where they want. If they want to make the wage $1.10 an hour, they should have the right to do so.
Posted on 5/25/19 at 9:24 am to Centinel
AOC will be 34 and still too young to run in 2024. In fact she’d turn 34 just barely before Election Day.
And frankly I’m rather skeptical of how much support she’s get if she ran in 2028. Somewhere at the back of their heads, even her supporters probably realize she’s much better at creating a buzz on Twitter than she’d actually be as president.
And frankly I’m rather skeptical of how much support she’s get if she ran in 2028. Somewhere at the back of their heads, even her supporters probably realize she’s much better at creating a buzz on Twitter than she’d actually be as president.
This post was edited on 5/25/19 at 9:27 am
Posted on 5/25/19 at 10:09 am to FightnBobLafollette
quote:
I know what was posted. And you nor he has shown snything close to showing he doesn’t.
Crazy Bernie’s words were posted where all he says is “Walmart took in x billion last year”. That statement alone shows he is ignoring profit margin and only focusing on profits. So again, he’s a dumbass, and so are you.
Pop quiz, define profit margin. I’ll even let you google and then you can come back and explain why Bernie’s claim is simply disingenuous fodder meant to rile up his completey idiotic base who do not understand basic economics or accounting, like yourself.
Posted on 5/25/19 at 10:16 am to FightnBobLafollette
quote:
And you nor he has shown snything close to showing he doesn’t.
Does Sanders know how franchise systems work? Because based on his own words, he does not.
Posted on 5/25/19 at 10:55 am to Antonio Moss
Here’s a gem from Bernie indicating he has no idea of the difference between an unsecured and a secured loan.
Posted on 5/25/19 at 12:36 pm to HailHailtoMichigan!
Bernie only supports illegally profiting by stealing from a university you are President of then bankrupting said college.
Posted on 5/25/19 at 1:59 pm to SlowFlowPro
quote:He's a millionaire "socialist", with multiple homes, and gives scant little to charity. There is nothing genuine about him. He's the classic : "Socialism for thee, capitalism for me!"
with Bernie, given his 40 years, i think it's a legit position and he's just fully ignorant. i think that genuine nature is why he can sell it so well
Posted on 5/25/19 at 2:03 pm to the808bass
quote:nor default rates...
Here’s a gem from Bernie indicating he has no idea of the difference between an unsecured and a secured loan.
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