quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
Hundreds of years of free market behavior defines what an appropriate profit margin is. Only since the US economy was fundamentally corrupted has that changed. It's a major reason why the economy has never recovered from the 70's stagflation.

Excellent! What is an appropriate profit margin, then?

Before the 70's it was 1 to 2%. It seems an appropriate margin.

quote:

ORIGINAL: LookieNoNookie
Kinda looks to me like if the 6 remaining Waltons are worth more than the bottom 30% of American families, seems fairly obvious....those 30% of American families mentioned, ought to start up a competing store. If they each pitched in 50 bucks on average (ought to be at least 30 million families in that group), that'd give 'em 1.5 billion dollars to play with. I'd imagine they could make a nice dent in the Walton's net worth.

I'd guess you could buy most of SEARS for that price, easily Kmart.

But then.....that would require that 30 million people, collectively, had as many balls as Sam Walton did....all by himself.

Never mind....ain't gonna happen.

(It's too easy).

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
And all those businesses will fail because profits in a healthy economy should be razor thin. Deflation is always a disaster. Imagining otherwise ignores both economic theory and history.

And, you are wrong. Profits don't have to be "razor thin." Profits should be healthy enough to lure people into supplying the market, but not so high as to lure too many suppliers, leading to oversupply and resource misallocation.
"Imagining otherwise ignores both economic theory and history."

If the profit margin on any item is higher than a couple of percent then, in the theoretical free market, other competitors will move in and under cut prices until that razor thin margin is achieved. That's how people who understand economics knows that at its very most basic heart the US economy is corrupt and has been since sometime in the early 80's when the idea of a 2% profit margin became unacceptable to the investment class.

Your definition of "razor thin" and an entrepreneur's definition of "razor thin" may vary.
Why aren't there more competitors coming in to undercut prices? What is preventing them?
And, just so we're on the same page, you don't get to define what the proper level of profit is for someone else. You are more than welcome to do that for yourself. But, when it's someone else taking risks and making the effort, that someone else gets to define for him or herself, what the proper level of profits is.

Hundreds of years of free market behavior defines what an appropriate profit margin is. Only since the US economy was fundamentally corrupted has that changed. It's a major reason why the economy has never recovered from the 70's stagflation.

Excellent! What is an appropriate profit margin, then?

Before the 70's it was 1 to 2%. It seems an appropriate margin.

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
And all those businesses will fail because profits in a healthy economy should be razor thin. Deflation is always a disaster. Imagining otherwise ignores both economic theory and history.

And, you are wrong. Profits don't have to be "razor thin." Profits should be healthy enough to lure people into supplying the market, but not so high as to lure too many suppliers, leading to oversupply and resource misallocation.
"Imagining otherwise ignores both economic theory and history."

If the profit margin on any item is higher than a couple of percent then, in the theoretical free market, other competitors will move in and under cut prices until that razor thin margin is achieved. That's how people who understand economics knows that at its very most basic heart the US economy is corrupt and has been since sometime in the early 80's when the idea of a 2% profit margin became unacceptable to the investment class.

Your definition of "razor thin" and an entrepreneur's definition of "razor thin" may vary.
Why aren't there more competitors coming in to undercut prices? What is preventing them?
And, just so we're on the same page, you don't get to define what the proper level of profit is for someone else. You are more than welcome to do that for yourself. But, when it's someone else taking risks and making the effort, that someone else gets to define for him or herself, what the proper level of profits is.

Hundreds of years of free market behavior defines what an appropriate profit margin is. Only since the US economy was fundamentally corrupted has that changed. It's a major reason why the economy has never recovered from the 70's stagflation.

Excellent! What is an appropriate profit margin, then?

Before the 70's it was 1 to 2%. It seems an appropriate margin.

Spoken by a man who has no concept of business of investment.

If we don't do 17% net annually, that was a bad year.

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: Zonie63

quote:

ORIGINAL: LookieNoNookie
Look at the line that most construction companies have when they post an ad (like mine) that pays $20.00 - $30.00/100% paid insurance...it runs in the tens....as in rarely more than 10 people.

So, would you hire anyone off the street, like some kid fresh out of high school (or maybe even a high school dropout) who knows nothing about construction? Would you give them on the job training?

I have, I do....and I will do so again in the future.

Some of our best talent over the years has started green and worked their way up the ladder.

(Like most company's).

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ORIGINAL: joether

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
And all those businesses will fail because profits in a healthy economy should be razor thin. Deflation is always a disaster. Imagining otherwise ignores both economic theory and history.

And, you are wrong. Profits don't have to be "razor thin." Profits should be healthy enough to lure people into supplying the market, but not so high as to lure too many suppliers, leading to oversupply and resource misallocation.
"Imagining otherwise ignores both economic theory and history."

If the profit margin on any item is higher than a couple of percent then, in the theoretical free market, other competitors will move in and under cut prices until that razor thin margin is achieved. That's how people who understand economics knows that at its very most basic heart the US economy is corrupt and has been since sometime in the early 80's when the idea of a 2% profit margin became unacceptable to the investment class.

Your definition of "razor thin" and an entrepreneur's definition of "razor thin" may vary.
Why aren't there more competitors coming in to undercut prices? What is preventing them?
And, just so we're on the same page, you don't get to define what the proper level of profit is for someone else. You are more than welcome to do that for yourself. But, when it's someone else taking risks and making the effort, that someone else gets to define for him or herself, what the proper level of profits is.

Hundreds of years of free market behavior defines what an appropriate profit margin is. Only since the US economy was fundamentally corrupted has that changed. It's a major reason why the economy has never recovered from the 70's stagflation.

Excellent! What is an appropriate profit margin, then?

Before the 70's it was 1 to 2%. It seems an appropriate margin.

Spoken by a man who has no concept of business of investment.

If we don't do 17% net annually, that was a bad year.

These two are talking about 'profit margin' and NOT 'business investment' (a totally different concept in business). Do try to keep up with the conversation.....

quote:

ORIGINAL: Zonie63

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: Zonie63

quote:

ORIGINAL: LookieNoNookie
Look at the line that most construction companies have when they post an ad (like mine) that pays $20.00 - $30.00/100% paid insurance...it runs in the tens....as in rarely more than 10 people.

So, would you hire anyone off the street, like some kid fresh out of high school (or maybe even a high school dropout) who knows nothing about construction? Would you give them on the job training?

I have, I do....and I will do so again in the future.

Some of our best talent over the years has started green and worked their way up the ladder.

(Like most company's).

People can do the same at Wal-Mart, can't they? It's not an automatic dead-end job. Maybe some of these people apply thinking that they can be store manager in a few years.

quote:

ORIGINAL: LookieNoNookie

Absolutely.

(Some would have you believe otherwise....I know seven WalMart Managers....who came from the same place everyone else came from....less than starting wages "then"....that make 6 figures today. It's all about what you want...and what you're willing to work towards).

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ORIGINAL: tj444

quote:

ORIGINAL: LookieNoNookie

Absolutely.

(Some would have you believe otherwise....I know seven WalMart Managers....who came from the same place everyone else came from....less than starting wages "then"....that make 6 figures today. It's all about what you want...and what you're willing to work towards).

I would be interested in knowing how many of these 7 walmart managers you know were female and how many were male.. just cuz I have read (in an article) that women don't get very far up the food chain.. I'm curious if that was an isolated store or area & if that happens where you are too..

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: joether

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
And all those businesses will fail because profits in a healthy economy should be razor thin. Deflation is always a disaster. Imagining otherwise ignores both economic theory and history.

And, you are wrong. Profits don't have to be "razor thin." Profits should be healthy enough to lure people into supplying the market, but not so high as to lure too many suppliers, leading to oversupply and resource misallocation.
"Imagining otherwise ignores both economic theory and history."

If the profit margin on any item is higher than a couple of percent then, in the theoretical free market, other competitors will move in and under cut prices until that razor thin margin is achieved. That's how people who understand economics knows that at its very most basic heart the US economy is corrupt and has been since sometime in the early 80's when the idea of a 2% profit margin became unacceptable to the investment class.

Your definition of "razor thin" and an entrepreneur's definition of "razor thin" may vary.
Why aren't there more competitors coming in to undercut prices? What is preventing them?
And, just so we're on the same page, you don't get to define what the proper level of profit is for someone else. You are more than welcome to do that for yourself. But, when it's someone else taking risks and making the effort, that someone else gets to define for him or herself, what the proper level of profits is.

Hundreds of years of free market behavior defines what an appropriate profit margin is. Only since the US economy was fundamentally corrupted has that changed. It's a major reason why the economy has never recovered from the 70's stagflation.

Excellent! What is an appropriate profit margin, then?

Before the 70's it was 1 to 2%. It seems an appropriate margin.

Spoken by a man who has no concept of business of investment.

If we don't do 17% net annually, that was a bad year.

These two are talking about 'profit margin' and NOT 'business investment' (a totally different concept in business). Do try to keep up with the conversation.....

I was talking about (net) profit margin (please do your best to keep up).

(I'm fairly confident....for those those who were paying attention....that wasn't too incredibly unclear).

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: tj444

quote:

ORIGINAL: LookieNoNookie
Absolutely.

(Some would have you believe otherwise....I know seven WalMart Managers....who came from the same place everyone else came from....less than starting wages "then"....that make 6 figures today. It's all about what you want...and what you're willing to work towards).

I would be interested in knowing how many of these 7 walmart managers you know were female and how many were male.. just cuz I have read (in an article) that women don't get very far up the food chain.. I'm curious if that was an isolated store or area & if that happens where you are too..

That actually is a great question.

I'm not privy to their W-2's but, based on what I know...even if there's some differential, the folks that wanted to improve their lives did well, nonetheless.

quote:

ORIGINAL: joether

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: tj444

quote:

ORIGINAL: LookieNoNookie
Absolutely.
(Some would have you believe otherwise....I know seven WalMart Managers....who came from the same place everyone else came from....less than starting wages "then"....that make 6 figures today. It's all about what you want...and what you're willing to work towards).

I would be interested in knowing how many of these 7 walmart managers you know were female and how many were male.. just cuz I have read (in an article) that women don't get very far up the food chain.. I'm curious if that was an isolated store or area & if that happens where you are too..

That actually is a great question.
I'm not privy to their W-2's but, based on what I know...even if there's some differential, the folks that wanted to improve their lives did well, nonetheless.

Here you are bitching at someone about 'not keeping up' and you go do the same thing! I believe tj444 is asking you to PUT YOUR MONEY WHERE YOU MOUTH IS....and.....SHOW THE EVIDENCE. Your the one making the argument and must show the burden of evidence that its true.

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: joether

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: tj444

quote:

ORIGINAL: LookieNoNookie
Absolutely.
(Some would have you believe otherwise....I know seven WalMart Managers....who came from the same place everyone else came from....less than starting wages "then"....that make 6 figures today. It's all about what you want...and what you're willing to work towards).

I would be interested in knowing how many of these 7 walmart managers you know were female and how many were male.. just cuz I have read (in an article) that women don't get very far up the food chain.. I'm curious if that was an isolated store or area & if that happens where you are too..

That actually is a great question.
I'm not privy to their W-2's but, based on what I know...even if there's some differential, the folks that wanted to improve their lives did well, nonetheless.

Here you are bitching at someone about 'not keeping up' and you go do the same thing! I believe tj444 is asking you to PUT YOUR MONEY WHERE YOU MOUTH IS....and.....SHOW THE EVIDENCE. Your the one making the argument and must show the burden of evidence that its true.

I think Lookie is admitting he doesn't know if the men and women in that group of 7 make the same amount of money. If the guys make 900k and the women make 100k, all of them are earning 6 figures, but that doesn't mean they are all the same level on the "food chain."

Lookie could have stated how many were women and how many were men, but it still would not have verified or refuted the "food chain" comment, though it would have answered the question.

quote:

ORIGINAL: joether

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: joether

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: DomKen
And all those businesses will fail because profits in a healthy economy should be razor thin. Deflation is always a disaster. Imagining otherwise ignores both economic theory and history.

And, you are wrong. Profits don't have to be "razor thin." Profits should be healthy enough to lure people into supplying the market, but not so high as to lure too many suppliers, leading to oversupply and resource misallocation.
"Imagining otherwise ignores both economic theory and history."

If the profit margin on any item is higher than a couple of percent then, in the theoretical free market, other competitors will move in and under cut prices until that razor thin margin is achieved. That's how people who understand economics knows that at its very most basic heart the US economy is corrupt and has been since sometime in the early 80's when the idea of a 2% profit margin became unacceptable to the investment class.

Your definition of "razor thin" and an entrepreneur's definition of "razor thin" may vary.
Why aren't there more competitors coming in to undercut prices? What is preventing them?
And, just so we're on the same page, you don't get to define what the proper level of profit is for someone else. You are more than welcome to do that for yourself. But, when it's someone else taking risks and making the effort, that someone else gets to define for him or herself, what the proper level of profits is.

Hundreds of years of free market behavior defines what an appropriate profit margin is. Only since the US economy was fundamentally corrupted has that changed. It's a major reason why the economy has never recovered from the 70's stagflation.

Excellent! What is an appropriate profit margin, then?

Before the 70's it was 1 to 2%. It seems an appropriate margin.

Spoken by a man who has no concept of business of investment.

If we don't do 17% net annually, that was a bad year.

These two are talking about 'profit margin' and NOT 'business investment' (a totally different concept in business). Do try to keep up with the conversation.....

I was talking about (net) profit margin (please do your best to keep up).

(I'm fairly confident....for those those who were paying attention....that wasn't too incredibly unclear).

Oh I was keeping up just fine. You did NOT mention NET PROFIT MARGIN, did you? No. You stated "If we don't do 17% net annually, that was a bad year." This implies a business investment after the fact of the actual profit margin. You were not clear, and therefore, have no reason to bitch at others. We are not mind readers....

quote:

ORIGINAL: joether

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: tj444

quote:

ORIGINAL: LookieNoNookie
Absolutely.

(Some would have you believe otherwise....I know seven WalMart Managers....who came from the same place everyone else came from....less than starting wages "then"....that make 6 figures today. It's all about what you want...and what you're willing to work towards).

I would be interested in knowing how many of these 7 walmart managers you know were female and how many were male.. just cuz I have read (in an article) that women don't get very far up the food chain.. I'm curious if that was an isolated store or area & if that happens where you are too..

That actually is a great question.

I'm not privy to their W-2's but, based on what I know...even if there's some differential, the folks that wanted to improve their lives did well, nonetheless.

Here you are bitching at someone about 'not keeping up' and you go do the same thing! I believe tj444 is asking you to PUT YOUR MONEY WHERE YOU MOUTH IS....and.....SHOW THE EVIDENCE. Your the one making the argument and must show the burden of evidence that its true.

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: joether

quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: tj444

quote:

ORIGINAL: LookieNoNookie
Absolutely.
(Some would have you believe otherwise....I know seven WalMart Managers....who came from the same place everyone else came from....less than starting wages "then"....that make 6 figures today. It's all about what you want...and what you're willing to work towards).

I would be interested in knowing how many of these 7 walmart managers you know were female and how many were male.. just cuz I have read (in an article) that women don't get very far up the food chain.. I'm curious if that was an isolated store or area & if that happens where you are too..

That actually is a great question.
I'm not privy to their W-2's but, based on what I know...even if there's some differential, the folks that wanted to improve their lives did well, nonetheless.

Here you are bitching at someone about 'not keeping up' and you go do the same thing! I believe tj444 is asking you to PUT YOUR MONEY WHERE YOU MOUTH IS....and.....SHOW THE EVIDENCE. Your the one making the argument and must show the burden of evidence that its true.

I think Lookie is admitting he doesn't know if the men and women in that group of 7 make the same amount of money. If the guys make 900k and the women make 100k, all of them are earning 6 figures, but that doesn't mean they are all the same level on the "food chain."

Lookie could have stated how many were women and how many were men, but it still would not have verified or refuted the "food chain" comment, though it would have answered the question.

quote:

ORIGINAL: DesideriScuri
I think Lookie is admitting he doesn't know if the men and women in that group of 7 make the same amount of money. If the guys make 900k and the women make 100k, all of them are earning 6 figures, but that doesn't mean they are all the same level on the "food chain."

quote:

ORIGINAL: joether

quote:

ORIGINAL: DesideriScuri
I think Lookie is admitting he doesn't know if the men and women in that group of 7 make the same amount of money. If the guys make 900k and the women make 100k, all of them are earning 6 figures, but that doesn't mean they are all the same level on the "food chain."

You know, your example is a total flight of fantasy? A store manager in Wal-Mart would most likely NOT be paid $900K/year. That's a bit high!

quote:

ORIGINAL: Lucylastic
FR
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