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[–]Req 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

honestly i think the real issue is the greedy businesses + regulations. Yes i get cali is the big issue but in a more broad sense it also fall on the businesses for always needing to expand. I have worked at multiple jobs, that includes restaurants as im sure alot of you have. The overall corp environment is all about growth. Thats not a bad thing. Growth is good for the economy and everyone involved. unfortunately in an over-saturated and consumer based economy this is the only way it will work. these companies have to either pull out of unprofitable situations or go bankrupt.

For those with an open mind i have talked to alot of people who are pro increase minimum wage. and most of them dont want to increase min wage! What they want is a larger % of business profits to go to workers.

In an "ideal" world companies would take an X% of the money made from all locations and utilize it to further grow untill they have reached their optimal size. However, thanks to greed they will never stop expanding. That is why there is a 4 burger king's within 6 square miles of my house. It is not efficient but it slightly increases annual profit. anyways thats mostly just a rant. https://www.franchisechatter.com/2021/05/03/fdd-talk-burger-king-franchise-review-financial-performance-analysis-costs-fees-and-more/ i just used burger king as an example without bothering to look into them, but, replace them with any other company that you see fit. Continuing in the "ideal" world, the businesses would take another X% of the profit and put toward expenses unrelated to growth but rather ongoing costs. Maintenance, supply, even advertisement. this for most franchises is the largest portion of their annual spending and is also the least affected by greed unlike the other sections. The issue here is that regulations that bump up this value are growing each year. I will also throw legal issues into this category as id consider it an expense that a buisnesses needs to take to exist. here are some stats on $ spend on just legal payouts and other such spent by most large companies every year. https://www.statista.com/statistics/941275/litigation-spending-united-states/ continuing with the ideal world the next X% will be the cost of employees- yes its an ongoing cost like the above but it needs its own section. the industry standard for % of money spent on payroll is about 30% of total buisness proft https://secondwindconsultants.com/resources/what-percent-of-your-revenue-should-be-spent-on-payroll/ this will obviously depend on the company so like every stat here is not going to fit with any large corp that you think of. the final x% (without itemizing everything) will be the extra profit that the business keeps for itself. either in $ to top position holders and investors or in a rainy day funds account for a future major lawsuit or expense the comp has to deal with, like switching suppliers and such.

anyways, back to reality. once you break down the expenses of the average major business which can be really deep and it would rather you look into it yourself: https://inspiredeconomist.com/articles/resource-allocation/ ...we finally get to the real issue/s.

businesses only have limited money & businesses are greedy. Taking those as facts and understanding that their are obviously outliers we get to the issue of consumers wanting cheap products, good service, employees wanting good pay and good working conditions, and businesses wanting endless growth and ever growing $.

taking them one at a time. Consumers want cheap products while still retaining good service. eg; reasonably priced fast food whilist not having to step over literal shit on the sidewalk to get inside.

This is an issue because better service is an additional cost effecting BUSINESS expenses.

employees want better pay and regulations set by gov to enforce certain work conditions and employee benefits that businesses honestly see as another fee rather then a method to attract employees (like they insist benefits are for).

This is an issue because fees and payroll are an additional cost effecting BUSINESS expenses.

and obviously, what the left says is an evil of the world and what the right says keeps the world spinning... $

This is an issue because larger profit to the owners is an additional cost effecting CONSUMER expenses.

The real root issue that people disagree on is where from these expenses are we going to pull $ from and where to move it too. The left will want more money pulled from the excess profit that makes it into the pockets of the owners. They also want to take it from the business growth cost, like expansion aswell as from some of the ongoing cost such as advertisement. The right wants to relax some regulations and put the money towards lowering the cost for the consumer leading to a lower cost of living so that one wouldnt need a pay raise.

When either of those are implemented it causes problems... but the biggest one is that business are greedy as i have stated multiple times so far. the left way will never get introduced because the greedy businesses and their share holders will never vote to reduce their profit and slow their own growth to put towards employees. The right way will never get introduced because by reducing business expenses via voting for lax regulations will result in people not wanting to work there because with lax rules work environments could quickly become dangerous and undesirable resulting in people quitting and places being understaffed.

We have seen each of these play out before. lets have a business merger to exemplify the first implementation. 2 businesses are unable to maintain the limitless growth that they desire. They are unwilling to reduce the profit they are putting in their own pockets, and they have a yearn to keep expanding into new places to further profit and take larger market share. becasue of their greedy ways, when encountered with slowing money they would rather try and merge so that combined they can rearrange their resource allocation to keep expanding and making $ rather the putting the profitability and efficiency benefited by the merger towards the employees. This is nothing that a new law can change. so the left does their best by increasing the flat amount they they have to put towards employment via min wage boost. greedy ways never change so the company assesses where to move money from to meet new demands and stay rich. if they cant be profitable they pull out of that area to invest in other locations. to look at the second implementation lets explore an employee owned company of your choosing. they want to pay employees/themselfs more so there is less interest to be as greedy as they business *owners have less control over the direction of the business compared to a traditional bureaucracy styled business. they cant increase prices too much or they loose patrons. they cant reduce product quality or people wont buy either. if the gov had less demands and regulations those expenses would be lessened and reallocated. however if this is done the workplace would become less desirable and possible inaccessible to people with disabilities. no employee would want to work at a place that didnt have certain standards in place hence why the gov requires certain regulations. there is limited other places to take money from so it is taken from growth related expenses. not to say they dont grow, but the ammount of money allocated is lower then traditional bureaucracy styled businesses. when taking a look at winCo. the second largest employee owned company according too: https://www.nceo.org/articles/employee-ownership-100 (i didnt chose #1 cuz i got no idea who they are and cant bother too research more tonight) you will notice that it wont show up on list of most profitable companies even in just the usa its not even top 100 in usa not to mention world wide even if they are #2 largest in their category! https://en.wikipedia.org/wiki/List_of_largest_companies_in_the_United_States_by_revenue https://incfact.com/company/winco-boise-id/#

There are wins/losses depending on where you choose to take money from. There is more to this obviously but the real issue is that its not an idea world, corps are greedy, and the rest of us cant decide where to take money from to re-allocate it to keep cost low, service good, pay livable, conditions humane and controlled all while permitting the growth we the west reply on. our indecision and conflict on what/how to adjust is why there will never be a solution... and why were in so much debt XD


this is my conclusion after talking to people as wildly different as authoritarians and anarchist. and there is no conclusion, just a slightly more centered understanding on why everyone fights so much.

[–]CivilWarrior[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

I have taken many economics classes I have lived quite a while I have my own thing going and I have also seen this https://www.banknoteworld.com/banknotes/Banknotes-by-Country/Zimbabwe/100-Trillion/ hahahahahahahaha say what you will this is what happens when you let certain people run your game. Wonder how they got to this point?

[–]Req 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

absolutely no amount of theory will make up for the "amazing" leadership of Newsom. And the thing is people want him as president next XD