Nostr Web Client

It's so funny to talk to people who run and own local businesses who, in the same rant, complain about how businesses are unfairly profiting by charging unreasonable prices and that it's impossible to hire because you'd have to pay people a wage that makes your business barely profitable if you don't want to be shorthanded with overworked staff

Of course these are technically reconcilable, but the people I've heard this rant from would clearly raise prices if they had the market power to do so,

Dan Luu 2y ago

so the difference isn't due to any kind of moral position. Instead, it's merely a gap in the level of success, which the person is attempting to close.

Tonight's rant was from someone who runs multiple car dealerships, which gives you a level of income that's good even by BigCo tech standards.

After complaining about prices and giving the standard "no one can hire because the labor market is a mess" statement, they went into detail about the situation and it's even worse than the summary.

Reply to this note

Please Login to reply.

Discussion

Dan Luu 2y ago

There's a service manager who's good who they don't want to lose who was paid $50k/yr. This person had a second job to pay their bills. Another dealership offered the guy $70k/yr, which was related to us as terrible because, after you give everyone who's getting poached a raise, it costs $300k/yr.

Combined with everything, the company might actually lose money instead of turning the usual profit of millions a year. So they got away with underpaying your workers by $x00k/yr for years.