Economics Thread

[57Brave]

why ?

[57Brave]

Dan Price
@DanPriceSeattle
·
3h
Level 1:
Our company pays a min wage of $70k and has paid parental leave, full benefits, paid time off, and allows people to work remotely.

We received 25,400 applications this year for 72 jobs.

There's no labor shortage. There's a shortage of jobs that treat people with respect.

https://www.bloomberg.com/features/2...ceo-dan-price/

////////////////////////////////////////////////////////////////////////////////////

went to Lowes today. They are now staffed by teenagers and scanners.
Long time cashiers and department, managers are not in sight.
10 AM on a Thursday morning

[acesfull86]

why ?

Because I interpret that as the writer implying inflation isn’t present, which is patently false.

[thethe]

Dan Price
@DanPriceSeattle
·
3h
Level 1:
Our company pays a min wage of $70k and has paid parental leave, full benefits, paid time off, and allows people to work remotely.

We received 25,400 applications this year for 72 jobs.

There's no labor shortage. There's a shortage of jobs that treat people with respect.

https://www.bloomberg.com/features/2...ceo-dan-price/

////////////////////////////////////////////////////////////////////////////////////

went to Lowes today. They are now staffed by teenagers and scanners.
Long time cashiers and department, managers are not in sight.
10 AM on a Thursday morning

Why only 72 jobs?

Why doesn't he just hire people he doesn't need any pay them?

Why take profit at all?

[Tapate50]

Whole is cereal not free ?

“Inflation” lol.

[57Brave]

Because I interpret that as the writer implying inflation isn’t present, which is patently false.

I and most of the civilized world interpreted it to mean, General Mills was gouging it's customers and made " inflation" the scapegoat
or strawman or whatever

[sturg33]

he's too uniformed to waste your time with

[57Brave]

Why only 72 jobs?

Why doesn't he just hire people he doesn't need any pay them?

Why take profit at all?

aa famous baseball player once answered an equal question, " that's a clown question bro' "

as long as we are asking why ... why not ask Mr Price?

He opines daily on twitter and has a mail address.
Let us all know what he says.

[57Brave]

he's too uniformed to waste your time with

you should go argue with someone that hasnt been here for 6 weeks
Me thinks your plate is full

[57Brave]

he's too uniformed to waste your time with

Dan Price
@DanPriceSeattle
·
21m
If companies were really "forced to raise prices" because of inflation

they would have been "forced to lower prices" after they got

$1.9 trillion in tax cuts.

But they didn't - they raised prices then, too.

[sturg33]

the lack of information is staggering

[acesfull86]

I and most of the civilized world interpreted it to mean, General Mills was gouging it's customers and made " inflation" the scapegoat
or strawman or whatever

I’d agree with your interpretation if inflation wasn’t put in quotes

[acesfull86]

the lack of information is staggering

Folks on the left are desperate not to be pinned with the blame when it comes to the inflation every day people are experiencing. They’re trotting out their golden oldies - price gouging! corporate profits! CEO pay! - in a desperate attempt to deflect. Don’t think people are buying…

[acesfull86]

“Inflation isn’t happening”

To

“Inflation is happening, but it’s transitory”

To

“Welp, turns out it’s not transitory and it’s here to stay”

To

“Let’s talk about CEO pay to deflect from the inflation conversation before anyone can ask how the **** printing and spending trillions more dollars is actually going to solve the problem!”

[Jaw]

Dan Price
@DanPriceSeattle
·
3h
Level 1:
Our company pays a min wage of $70k and has paid parental leave, full benefits, paid time off, and allows people to work remotely.

We received 25,400 applications this year for 72 jobs.

There's no labor shortage. There's a shortage of jobs that treat people with respect.

https://www.bloomberg.com/features/2...ceo-dan-price/

////////////////////////////////////////////////////////////////////////////////////

went to Lowes today. They are now staffed by teenagers and scanners.
Long time cashiers and department, managers are not in sight.
10 AM on a Thursday morning

Thanks for posting this. That article is crazy, like Lin Wood on rotten mushrooms level crazy. While I'm all for a path to divert a larger portion of profits and executive pay to staff salary, it's pretty clear this guy was doing it to screw his brother out of dividends as revenge for a lawsuit, and to run an ingenious grift.

He'll make far more on the speaking fees and book deal than he surrendered in salary, all while screwing his brother and legions of female Twitter groupies.

[cajunrevenge]

Dan Price
@DanPriceSeattle
·
21m
If companies were really "forced to raise prices" because of inflation

they would have been "forced to lower prices" after they got

$1.9 trillion in tax cuts.

But they didn't - they raised prices then, too.

Wut. If companies didnt have to raise prices wouldnt one company in each industry keep their prices lower to get the market advantage....

[57Brave]

Thanks for posting this. That article is crazy, like Lin Wood on rotten mushrooms level crazy. While I'm all for a path to divert a larger portion of profits and executive pay to staff salary, it's pretty clear this guy was doing it to screw his brother out of dividends as revenge for a lawsuit, and to run an ingenious grift.

He'll make far more on the speaking fees and book deal than he surrendered in salary, all while screwing his brother and legions of female Twitter groupies.

who cares why he did it.
He did it and it is working

[thethe]

Remember when zito said this period of rising prices are normal and nothing to be concerned about?

A+ judgement as usual.

Shouldn’t definitely take his opinions seriously moving forward.

[acesfull86]

November jobs added 210,000 vs expectation of 573,000. Ouch.

[striker42]

November jobs added 210,000 vs expectation of 573,000. Ouch.

Barely over the amount needed to keep up with population growth. So essentially no real growth.