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My soon to be brother-in-law has a closet full of unworn shoes. When he and my sister moved to a different city he managed to make a profit selling some. He has a good job, and has savings, unlike my sister, so I can't criticize.
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Oct 26, 2016 19:41
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Krispy Kareem posted:Yeah yeah yeah, I didn't catch the part where the shoes retail for $200. I read a thing on npr one time about the collector sneaker economy. As far as I remember, the reasoning for the model was that the people who make sneakers cool are generally people who could not afford to blow 1700 on shoes. They can often spend time waiting in line, though. By restricting the numbers made, cool people (not rich people) can wait in line, buy a couple pairs, get a rich idiot to pay them a huge multiple of the value for the extra pair, and the cool people wear them around and the shoes gain street cred, which is why the rich idiots want to buy them in the first place. Edit: it was an episode of planet money, actually. http://www.npr.org/sections/money/2014/11/19/365010888/episode-584-what-the-lebron Day Man fucked around with this message at 19:54 on Oct 26, 2016 |
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Oct 26, 2016 19:51
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Guest2553 posted:Not a complete loss. Now you know how financially illiterate they are and can begin to exploit it. I'm in the process of going to the State Treasurer and trying to go over the heads of the people "for their own good." We have 10's of thousands of employees and apparently only me and three other people asked about the fees. Literally 4 people. Then only about 250 people voted for the new provider. So hopefully, I can say that they aren't representative of the best choice. Nobody cares. Not even the state treasurer because he has a ton of stuff to do and shopping for the best deal for a program that only 4% of employees use and almost none care about isn't a good use of his time. He just wants one that costs the state nothing to manage. Nobody gives a poo poo about their retirement plan, but everyone is shocked, SHOCKED, that for some reason 10k at age 55 isn't enough.
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Oct 26, 2016 20:30
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Leon Trotsky 2012 posted:My employer is switching our 457b provider. The new proposed provider has a .08% quarterly maintenance fee and a flat $50 a quarter fee to buy any fund outside of the 8 provided by their asset managers (4 of the 8 are actively managed funds with somewhat bad expense ratios, one is a bond fund, and one is a cash settlement fund) Show them this chart:  Then slap them for saying that a difference of over a million loving dollars is "penny-pinching." e: I just noticed this particular chart starts at a million dollars too so it's probably not the best example but you can easily wind up with 2% ER's becoming million dollar losses over 30 years even for normal person savings, though you clearly already know this  e2: Here's a more "middle-class" graph, showing only a 1% difference, which still translates into over two hundred thousand dollars difference and ten years more retirement time 
Shame Boy fucked around with this message at 20:44 on Oct 26, 2016 |
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Oct 26, 2016 20:39
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Leon Trotsky 2012 posted:I'm in the process of going to the State Treasurer and trying to go over the heads of the people "for their own good." The state treasurer may care if someone dropped a line about the new fiduciary rules and the lawsuits going on about overpriced 401k plans as a result.
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Oct 26, 2016 20:47
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Krispy Kareem posted:Yeah yeah yeah, I didn't catch the part where the shoes retail for $200. That's not really a correct understanding; the concert industry is very different from the limited edition shoe resale industry in that the organizers and artists as a whole very deliberately profit off of ticket markups, fees, and pseudo-third-party resale. Lady Gaga likely never performs a concert for less than the nominal face value of all the tickets sold combined so she and other A list artists definitely profit handsomely from a system where most of the tickets are sold to the ultimate attendee of the concert at a large premium to face value. These practices in general have been the subject of several lawsuits that have dragged them into the open. Nike on the other hand restricts runs of their basketball shoes and tolerates a tiny fraction of them being resold at large margins as a hype manufacturing exercise. The resale market is a tiny fraction of their >$30 billion in sales and money left on the table is basically a marketing expense. It does not seem that they have attempted to dip their fingers in the resale market for instance by operating an official resale market or offering some kind of high priced VIP program.
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Oct 26, 2016 20:51
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When the things you used to make are on the free market for $1k+ it seems like a bargain to get the new things you make for $200 Why take away that perception?
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Oct 26, 2016 21:04
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BEHOLD: MY CAPE posted:Nike on the other hand restricts runs of their basketball shoes and tolerates a tiny fraction of them being resold at large margins as a hype manufacturing exercise. The resale market is a tiny fraction of their >$30 billion in sales and money left on the table is basically a marketing expense. It does not seem that they have attempted to dip their fingers in the resale market for instance by operating an official resale market or offering some kind of high priced VIP program. That's true, but it isn't just hype. Custom fabric printing and labor-intensive manufacturing techniques legitimately limit the supply of specialty apparel. And there is a VIP program for Nike shoes, it's just not something you can buy into. The fashion industry runs on a "cool" economy in parallel to the economic one, and that frequently leads to counterintuitive market behavior. Fashion models, for instance, get paid less the more prestigious a booking is. Couture runway models don't get paid at all.
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Oct 26, 2016 21:45
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Tiny Brontosaurus posted:Fashion models, for instance, get paid less the more prestigious a booking is. Couture runway models don't get paid at all. That's not counterintuitive market behavior, that's just good ol' exploitation, a core principle of markets going back hundreds of years.
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Oct 26, 2016 21:49
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ate all the Oreos posted:That's not counterintuitive market behavior, that's just good ol' exploitation, a core principle of markets going back hundreds of years. Beep boop anything I don't know about must be simple. Now back to lobbying New Balance to release shoes more suited to the ample goon's foot width.
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Oct 26, 2016 21:51
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Tiny Brontosaurus posted:Beep boop anything I don't know about must be simple. Now back to lobbying New Balance to release shoes more suited to the ample goon's foot width. How's it different than every other job where people are paid mostly in "experience" or "prestige" or "exposure" like unpaid interns or the NCAA or every young artist ever? Congrats, you have been conned by some of the richest people and companies in the world into valuing your work at zero, but clearly this time it is the weird quirky fashion industry and not just exploitation like it is every other time
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Oct 26, 2016 22:04
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ate all the Oreos posted:How's it different than every other job where people are paid mostly in "experience" or "prestige" or "exposure" like unpaid interns or the NCAA or every young artist ever? Congrats, you have been conned by some of the richest people and companies in the world into valuing your work at zero, but clearly this time it is the weird quirky fashion industry and not just exploitation like it is every other time Haha I've never been accused of being a runway model by an angry goon before. Thanks, I guess? I'm not saying working for free isn't exploitative, because of course it is, angry goony guy, just that the economic behavior in the fashion industry is actually quite interesting and complicated, and you reading one sentence I wrote about it didn't make you an expert. Edit: For content, the difference between fashion and the examples you cited is that the "for exposure" years are intended as a stepping stone to very lucrative work in the same field. In fashion modeling, uniquely, the higher you ascend in the ranks the less you get paid. A girl walking a Chanel runway gets paid 0 dollars, but that gig has infinitely more cool-economy value than the catalog gigs she sneaks off to Asia to shoot after fashion week to pay the bills. Doing too much paying work in fashion modeling hurts your chances at getting the prestigious unpaid gigs, which are important within that economy for reasons that can't be conveyed in beeps and boops. Tiny Brontosaurus fucked around with this message at 22:27 on Oct 26, 2016 |
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Oct 26, 2016 22:12
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Tiny Brontosaurus posted:Haha I've never been accused of being a runway model by an angry goon before. Thanks, I guess? I'm not saying working for free isn't exploitative, because of course it is, angry goony guy, just that the economic behavior in the fashion industry is actually quite interesting and complicated, and you reading one sentence I wrote about it didn't make you an expert. If you reread the post you might just find that he (?) doesn't think you're a runway model, he is just comparing exploitation of workers by prestigious firms in non-fashion industries to exploitation of workers by prestigious firms in the fashion industry. Do you have an argument against that that isn't "u mad"?
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Oct 26, 2016 22:25
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Eldred posted:If you reread the post you might just find that he (?) doesn't think you're a runway model, he is just comparing exploitation of workers by prestigious firms in non-fashion industries to exploitation of workers by prestigious firms in the fashion industry. Do you have an argument against that that isn't "u mad"? Sure do, maybe read it when you get a chance!
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Oct 26, 2016 22:26
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Tiny Brontosaurus posted:Sure do, maybe read it when you get a chance! You seem to have forgotten that there are timestamps when you edit posts in your quest to be the thread's biggest turd.
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Oct 26, 2016 22:32
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You didn't actually explain it though. You just said the prestigious gigs get cool-economy value rather than money, and that models have to sneak around to pay the bills. This is a very niche market that lots of people are desperate to be a part of. Why is selling the idea of "cool-economy" to people rather than paying them for their work not exploitation?
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Oct 26, 2016 22:42
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As genuinely interesting as this topic is please Jesus don't start this derail, please just let it goEldred posted:You seem to have forgotten that there are timestamps when you edit posts in your quest to be the thread's biggest turd. I am stealing this for future use. I may or may not credit you.
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Oct 26, 2016 23:30
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Lol using industry terms and ECONOMICS to justify stupid, irrational, or exploitative behavior (what exactly makes those hobo shoes scarce or luxurious??) is like a cornerstone of American rhetoric. It's like talking to my brother about Disney and his disturbing obsession with the "vault." Some people just aren't able to see through the noise I guess? Or maybe we're all still so desparate to stay in the keep up with the Jones game that it manifests itself in weird ways with our younger "we know better" generation (which i am very much a part of at times), who the hell knows KingSlime fucked around with this message at 23:34 on Oct 26, 2016 |
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Oct 26, 2016 23:30
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Tiny Brontosaurus posted:Haha I've never been accused of being a runway model by an angry goon before. Thanks, I guess? I'm not saying working for free isn't exploitative, because of course it is, angry goony guy, just that the economic behavior in the fashion industry is actually quite interesting and complicated, and you reading one sentence I wrote about it didn't make you an expert. Yeah as other posters pointed out I didn't mean you personally though the idea that I angrily accused you of being a super model is pretty funny and fine by me too I guess Anyway reading my posts again I was bein' way meaner than I really meant to be so sorry for that. Okay derail over 
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Oct 26, 2016 23:35
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KingSlime posted:It's like talking to my brother about Disney and his disturbing obsession with the "vault." Some people just aren't able to see through the noise I guess? Actually wait no I want to hear more about your brother's disturbing obsession with Disney's vault because that totally seems like the tip of a big ol' iceberg of crazy. e: Tell him that I've actually been in the SECRET COMPLEX of tunnels underneath Disney World and while it was mostly boring infrastructure and break room poo poo I did see a really big board room full of dead-eyed soulless business types in fancy suits, clearly plotting how they will next control global affairs or whatever. Shame Boy fucked around with this message at 23:41 on Oct 26, 2016 |
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Oct 26, 2016 23:38
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KingSlime posted:It's like talking to my brother about Disney and his disturbing obsession with the "vault." Some people just aren't able to see through the noise I guess? I remember when the vault was a big deal and they would show commercials about how it was your LAST CHANCE because THE VAULT and now the idea of needing to own a piece of physical media is kind of hilarious. Although apparently physical media: GWM?
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Oct 26, 2016 23:51
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ate all the Oreos posted:Actually wait no I want to hear more about your brother's disturbing obsession with Disney's vault because that totally seems like the tip of a big ol' iceberg of crazy. Dude it's the vault that they threaten you with when a "Disney classic" comes out on a new format, does anyone truly believe there is an actual vault?
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Oct 26, 2016 23:50
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NancyPants posted:Dude it's the vault that they threaten you with when a "Disney classic" comes out on a new format, does anyone truly believe there is an actual vault? Oh that vault, I thought it was going to be like, the vault where they supposedly store Disney's cryogenically frozen head or whatever.
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Oct 26, 2016 23:51
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It's not terribly interesting, he's basically twice-divorced and pays lotsa money in child support because he's an anxiety-riddled, controlling rear end in a top hat and is absolutely awful with his money, yet continues to sign up for expensive services (like the magazine sign up scams at best buy AHAHAHAHAHAHA what a dumbass) and gets madly excited about the Disney vault releases. I am struggling to get a 30+ year old man with children to understand the concepts behind artificial scarcity. He also runs a facebook gossip page and wears make up for attention these days (he loves his attention) so he might just be hosed in the head E: well I guess that is mildly interesting KingSlime fucked around with this message at 23:56 on Oct 26, 2016 |
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Oct 26, 2016 23:53
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Guys, as a runway model myself, I would appreciate it if you didn't denigrate my talents.
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Oct 26, 2016 23:59
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Eldred posted:You seem to have forgotten that there are timestamps when you edit posts in your quest to be the thread's biggest turd. Lol I meant the post you already quoted, dumdum. And honestly "a billion dollar industry is complicated" shouldn't be this startling idea that sends the square-toed Kenneth Coles thundering. KingSlime posted:Lol using industry terms and ECONOMICS to justify stupid, irrational, or exploitative behavior (what exactly makes those hobo shoes scarce or luxurious??) is like a cornerstone of American rhetoric. Understanding a thing, even thinking a thing is interesting, is not defending it. It's incredibly small-minded of you to attack an attempt to explain someone else's motivation for doing something. It's cool and good to find people interesting. Tiny Brontosaurus fucked around with this message at 00:19 on Oct 27, 2016 |
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Oct 27, 2016 00:11
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Kenneth Coles?? you think i'm made of money or something??
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Oct 27, 2016 00:14
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Tiny Brontosaurus posted:Understanding a thing, even thinking a thing is interesting, is not defending it. It's incredibly small-minded of you to attack an attempt to explain someone else's motivation for doing something. It's cool and good to find people interesting. right, because your posts have all been super informative and friendly and not at all thinly veiled attempts at shaming the POORS E: okay no more derail from me! carry on with your bwm stories y'all
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Oct 27, 2016 00:23
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[quote="KingSlime" post=""465780653"] shaming the POORS [/quote] The gently caress? Do you have me confused with someone else?
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Oct 27, 2016 00:28
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NancyPants posted:As genuinely interesting as this topic is please Jesus don't start this derail, please just let it go I accept nothing less than MLA footnotes.
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Oct 27, 2016 00:31
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nah actually that was worded hastily and inaccurately but unless i am tremendously misinterpreting your posts, i thought we already had another poster whose shtic was to convince us of his opulent and superior taste in the PYF purchase thread
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Oct 27, 2016 00:40
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KingSlime posted:nah actually that was worded hastily and inaccurately but unless i am tremendously misinterpreting your posts, i thought we already had another poster whose shtic was to convince us of his opulent and superior taste in the PYF purchase thread Honestly, read rap sheet and move on. I know it's easier said than done (edit) but you'll be better off for it.
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Oct 27, 2016 00:43
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What the gently caress is going on here?
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Oct 27, 2016 00:48
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Moneyball posted:What the gently caress is going on here? I have no idea I've just been scrolling past looking for BWM stories and discussion. We could use the derail bird but instead:  I don't care about rap sheets.
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Oct 27, 2016 00:58
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I seriously hosed up, and I don't know how to get out of debt (self.personalfinance) posted:My wife and I are expecting a child within less than a month. I'm a student. My spending is spiraling out of control. I need help. (self.personalfinance) posted:I'm a 24y.o nursing student and I graduate this December. I obviously have school loans I started to rack up but I feel that once I get a nursing job I will be able to steadily pay everything off... but I need help from now to then.
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Oct 27, 2016 02:19
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Haifisch posted:BWM: Having The hell kind of legal issues keep you from serving? Caught stealing booze or something?
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Oct 27, 2016 02:25
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Haifisch posted:spend less on candles.jpg Just for shits and giggles I threw this all into a basic spreadsheet, assuming two at-hospital meals a week:   I even assumed parking wasn't possible to cut out by, say, walking. And it doesn't even include the "other" expenses they mentioned.
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Oct 27, 2016 02:40
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uhh maybe it's just me but that doesn't look too bad apart from maybe expensive cable.
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Oct 27, 2016 02:56
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How dare she have an 11 dollar per week hobby!!!
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Oct 27, 2016 03:05
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Looks like a typical 24 year old. We're not all spergin about money right out of college. They could be 10k in credit car debt
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Oct 27, 2016 03:07
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