I love it!! To see (read) a real life happening of Atlas Shrugging and watching (reading about) the butt-hurt widdle snowflake commies writhe in despair...
Just a guess, but I don't expect that George Soros will offer to invest in an employee group re-opening the business. Maybe he'll pay them to demonstrate against Trump though. Wonder if any of them can calculate change for an order in cash.
Snowflakes can't do arithmetic, nor any other 'life skills', even if they had a calculator. Try asking them to compute a 10% sales tax add on in their vacuous head -- (eyes rolling).
I won't say where, but I gave the cashier, like, "$10.35 for a $5.35 bill, so they wouldn't have to give me $4.65 in change, they could just hand back a $5 bill. They couldn't figure it out.
Used to do this all the time in Ukraine/Russia, where the cashier/vendor is always asking for exact change in payment; in the US now only when I know the cashier and am trying to help out with change.
I was at the mercy of a state employee's union, for several years (until the U.S. Supreme Court stepped in).
In every photo the union published of their rallies, I saw aging, overweight members who I believed would NEVER get an equivalent paying job in the private sector.
I took a business course in the late 70's, and I remember that, according to the labor laws, it was illegal to tell employees that if they unionize, the business would close.
I remember distinctly because my father-in-law had just lost his job the same way, and I remember thinking that 1) this is information that the members really needed and could have saved their jobs, and 2) the union organizers should have figured this out anyway.
I understand the reasoning behind the law - it would be easy for a business to influence the vote by threatening the workers' jobs. But withholding pertinent info doesn't seem the right solution.
Well, as a business owner, there is "not making a profit" and "not taking a profit".
the reality is likely that he opened those stores in a place that was hard to rent to someone else (he owns real estate). So loss leading to get some foot traffic is reasonable. And then there is losing money in one place to offset gains in another, while you wait for appreciation to happen.
Net net, I think he was making it okay. They just made the decision really easy.
FWIW, I looked at the employees. NOT ONE of them would I think about hiring to put in front of my clients!
Well said. I too am a business owner and the goal is to stay in the black. Peaks and valleys. Knowing your market is key. Obviously there is much that is "business expense" which may or may not be. If it becomes increasingly difficult to stay above water then get a snorkel snow flake becomes I am gone.
So, when Unions started, they were protecting employees from some awful business practices. Our past is littered with coal mining companies that paid their employees in "coupons" they could use at the company store, and any attempt to save those coupons was rendered useless when the store would just stop accepting the old ones.
My BFF's grand father helped start the Unions in PA. He was security for these people, because the threats against them were REAL. Rockefeller paid people to set fires, start fights, and do a lot of damage, then he could buy the companies on the cheap.
Overall... Humans can be pretty disgusting people (see banksters).
But at some point, the Unions Became the Baddies. The pendulum swung too far (as is often the case, see DEI, affirmative action, etc).
What scares me is the level of IGNORANCE of these people. At NO point were they offering to forego some of their salaries to get a piece of the profits (an exercise that teaches you that you might already be overpaid if there ever was one, but one that certainly teaches you about RISK:REWARD).
That they could not compute that this could force his company to close is on them. And that he says "It's actually the legal fees" Makes me laugh. Because it's so true. I've backed away from developing 2-3 products in my life, because of the RISKS associated with additional legal fees, and finding a way to insure against claims, while making enough REWARD to make the venture possible. (most companies create veils of corporations, and then just bankrupt them. Which is why most business people suffer at least ONE bankruptcy before becoming successful. Usually they bankrupt themselves the first time, then learn to better structure it, take it less personally...)
And my lesson for my lifetime... Xerox is no more. A company created because the short-sightedness of so many companies... Creator of the MOUSE, the GUI, etc. etc. Gone. Kodak? Buggy Whips? You get it. There are no companies (outside of banksters, whose bankruptcies are bailed out) that survive forever... Because the world changes...
Well stated Captain. The learning curve on starting a business for the first time is a bit steep - but definitely worth it! And anything that can be done to stay away from lawyers/lawsuits - needs to be done.
But in the beginning the Unions were necessary. Coal mines, meatpacking companies, steel mills - all required unions to become safe.
A little over 20 years ago, I was working at The Gallup Organization (Gallup Poll) in Austin when the Steelworkers Union (of all unions!!!) did their best to take over. They were narrowly defeated by a very close vote of the employees. So very close that CEO Jim Clifton closed down (actually declined to renew the lease at) our Austin location. Ironically, the union had almost literally nothing to offer we employees, but still, some (too many) were blinded by the union’s persuasive anti- management lies and half truths. Over 100 jobs were lost and Clifton refused to re-hire ANY of us at any of Gallup’s other locations. I don’t blame him. They were secret ballots and he didn’t know who the pro-union folks were. Sad, just sad … especially since Gallup was a fabulous place to work, great culture, great pay … ruined by the stinkin’ union.
Maybe he'll pay them to demonstrate against Trump though.
Wonder if any of them can calculate change for an order in cash.
Used to do this all the time in Ukraine/Russia, where the cashier/vendor is always asking for exact change in payment; in the US now only when I know the cashier and am trying to help out with change.
In every photo the union published of their rallies, I saw aging, overweight members who I believed would NEVER get an equivalent paying job in the private sector.
I remember distinctly because my father-in-law had just lost his job the same way, and I remember thinking that 1) this is information that the members really needed and could have saved their jobs, and 2) the union organizers should have figured this out anyway.
I understand the reasoning behind the law - it would be easy for a business to influence the vote by threatening the workers' jobs. But withholding pertinent info doesn't seem the right solution.
the reality is likely that he opened those stores in a place that was hard to rent to someone else (he owns real estate). So loss leading to get some foot traffic is reasonable. And then there is losing money in one place to offset gains in another, while you wait for appreciation to happen.
Net net, I think he was making it okay. They just made the decision really easy.
FWIW, I looked at the employees. NOT ONE of them would I think about hiring to put in front of my clients!
My BFF's grand father helped start the Unions in PA. He was security for these people, because the threats against them were REAL. Rockefeller paid people to set fires, start fights, and do a lot of damage, then he could buy the companies on the cheap.
Overall... Humans can be pretty disgusting people (see banksters).
But at some point, the Unions Became the Baddies. The pendulum swung too far (as is often the case, see DEI, affirmative action, etc).
What scares me is the level of IGNORANCE of these people. At NO point were they offering to forego some of their salaries to get a piece of the profits (an exercise that teaches you that you might already be overpaid if there ever was one, but one that certainly teaches you about RISK:REWARD).
That they could not compute that this could force his company to close is on them. And that he says "It's actually the legal fees" Makes me laugh. Because it's so true. I've backed away from developing 2-3 products in my life, because of the RISKS associated with additional legal fees, and finding a way to insure against claims, while making enough REWARD to make the venture possible. (most companies create veils of corporations, and then just bankrupt them. Which is why most business people suffer at least ONE bankruptcy before becoming successful. Usually they bankrupt themselves the first time, then learn to better structure it, take it less personally...)
And my lesson for my lifetime... Xerox is no more.
A company created because the short-sightedness of so many companies... Creator of the MOUSE, the GUI, etc. etc. Gone. Kodak? Buggy Whips? You get it. There are no companies (outside of banksters, whose bankruptcies are bailed out) that survive forever... Because the world changes...
The learning curve on starting a business for the first time is a bit steep - but definitely worth it! And anything that can be done to stay away from lawyers/lawsuits - needs to be done.
But in the beginning the Unions were necessary. Coal mines, meatpacking companies, steel mills - all required unions to become safe.
FAFO, commies!