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Joe Swanson
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Comments by "Joe Swanson" (@joeswanson733) on "Market Gains" channel.
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2009 all over again
23
i wonder why newsom hates businesses so much ... i thought he owned his own businesses. or are his businesses exempt?
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automation and also labor is the highest fixed cost for any company. also amazon is cutting into their business.
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Labor costs in certain industries can account for as much as 70% of total business costs; this includes employee wages, benefits, payroll and other related taxes. in many industires its An average of 20 to 35 percent of gross sales is considered a typical labor cost percentage but still think about it this is the companies gross sales not net profits. so when you are demanding them to raise the minimum wage... you're essentially telling companies to raise their fixed cost even more. variable costs is one thing but to raise their floor expenses is asking for trouble. it would be like me raising your bills and telling you to like it.
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the only thing that will save you is if you own the company and you have patents /products that people can't live without. that's where you want to be.
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you can buy frozen french fries at the store by the bag and use a air fryer to heat it up and it will give you that crisp soda you can buy your own soda by the bottle for pretty ok price burgers are just sandwiches. so you get bread, the cheese, patty, sauce, lettuce tomatoes, onion and you can probably make it cheaper than going out
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for those ups workers that retired in 2023 man they got lucky and caught the last bus.
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the sad part is no progress has ever really been made in our civilization. you still can only get a job from knowing someone on the inside...
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i wonder if there were any other generations in the past when home ownership became available to the masses that complained this much about owning a home?
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