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Zamujasa posted:You and two other people make a thing and sell it for $5. It cost $1 in materials to make and pays $1 in labor each of you. where’d the other dollar go??  e: oh TWO other people. I’m leaving this as a testament to my shame
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Dec 5, 2020 03:12
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and luckily the amount of profit you tend to make stays the same forever. so capitalism will always be fine! hooray!
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Dec 5, 2020 03:16
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indigi posted:where’d the other dollar go?? You have perfect small business owner logic. The other dollar must have been stolen by your employees.
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Dec 5, 2020 03:24
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Peanut President posted:thats one hell of a graph Ooof, found this article that puts it into even better perspective: https://www.cnbc.com/2020/12/04/november-jobs-report-shows-4-concerning-trends.html The jobs that have come back are mainly for those that were temporarily laid off and still had a job to eventually come back to. The number of jobs that have been completely eliminated continues to rise. https://twitter.com/jasonfurman/status/1334879670093967361
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Dec 5, 2020 04:31
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fun fact: children who got allowance for taking out the trash count as employed for a full decade after their 18th birthday
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Dec 5, 2020 12:07
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indigi posted:where’d the other dollar go??
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Dec 5, 2020 12:37
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Jesus Christ y’all need to learn to read financial statements. revenue less operating costs equals operating profit. operating costs include labor costs. in the context of a company that sells products, we can back up a bit, and look at gross margin. revenue less cost of good sold equals gross margin. cost of goods sold includes all direct costs in making the product, including labor. gross margin less indirect operating costs (once again including labor, such as back office staff) equals operating profit. operating profit less non operating costs (such as interest, taxes, depreciation and amortization) equals net income. net income goes to retained earnings, which can then be paid out as dividends to shareholders. long story short, labor gets paid before we get to net income (profit). profit is exclusively for the benefit of the shareholders, and is generally not paid to the employees (outside of employee stock ownership). so when Apple reports $60 billion in net income, that’s all gonna end up with the shareholders one way or the other, though Apple historically kept its earnings offshore to avoid paying taxes (it would instead take out loans based on their offshore cash and use that to pay shareholders). if you think it’s hosed up that the employees don’t get some of the profit, well That’s Capitalism!
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Dec 5, 2020 14:45
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Just ran into this in the wild
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Dec 5, 2020 17:46
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I once heard two drunk higher-ups arguing whether margin percentage or margin euros was more important. (Obviously euros. You can't buy coke with percents.)
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Dec 5, 2020 17:54
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T-man posted:i live in a tightly bound pocket dimension predicted by string theory, saves almost $50 off the rent SCP-106 HAS BREACHED CONTAINMENT
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Dec 5, 2020 18:00
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agreed capitalism is gross
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Dec 5, 2020 18:31
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CharlestheHammer posted:that’s all corporations. Nintendo also cut executive pay rather than do layoffs during times of low profit. They're one of the few corporations I know of that bother to think beyond the next financial quarter. Doesn't make them "better", but makes them less stupid.
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Dec 5, 2020 19:19
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Doggles posted:https://twitter.com/NPR/status/1334856520245407747 where was this originally posted?
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Dec 5, 2020 19:26
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So clearly what this graph is saying is that during the last year of Trump's presidency he created more jobs than Obama did in his whole 8 years
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Dec 6, 2020 01:21
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Doggles posted:https://twitter.com/NPR/status/1334856520245407747 love how they use terms like 'added' and 'created' when most of those jobs over the last several months were furloughed employees returning to work, often at reduced hours
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Dec 6, 2020 02:01
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Dec 6, 2020 05:52
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https://twitter.com/miiriya_miiriya/status/1335354824276254721
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Dec 6, 2020 07:26
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Dec 6, 2020 13:53
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I'll believe anything presented in Twin Peaks font
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Dec 6, 2020 14:51
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The_Franz posted:love how they use terms like 'added' and 'created' when most of those jobs over the last several months were furloughed employees returning to work, often at reduced hours I feel like that's been the case for awhile now, that the focus should've been on types of jobs as opposed to just the number.
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Dec 7, 2020 01:23
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Heard about these on Trash Future: https://twitter.com/PeterHeadCBE/status/1326441478697193472 They are: - A shoe subscription - Made of beans - You send them back after a month and they press them down into beans again and then make new shoes out of the beans to send to other people - $30 a month
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Dec 7, 2020 01:49
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PostNouveau posted:Heard about these on Trash Future: What happens after a month? Do they fall apart? Can I wear for them 3 or 4 months if you they don’t get a lot of wear and tear?
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Dec 7, 2020 02:37
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PostNouveau posted:Heard about these on Trash Future: You'll own nothing, and you'll be happy.
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Dec 7, 2020 02:41
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Dec 7, 2020 02:42
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The Bloop posted:Just ran into this in the wild Gross Dick Actually German for “good day”
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Dec 7, 2020 02:56
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Can you eat the shoes?
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Dec 7, 2020 02:58
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PostNouveau posted:- A shoe subscription This would actually be a good idea if they made them in kid sizes and the term was a year. Kids outgrow shoes. hipster adults not so much.
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Dec 7, 2020 03:05
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Mameluke posted:Can you eat the shoes? you can eat any shoe if you put your mind to it
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Dec 7, 2020 03:06
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The Nastier Nate posted:What happens after a month? Do they fall apart? Can I wear for them 3 or 4 months if you they don’t get a lot of wear and tear? it says the term is mileage-based, not time-based. so you don't send them back until they start to fall apart, which they say will usually happen after 6 to 9 months you still pay monthly, tho. so you're paying $30 a month for the privilege of getting a "free" replacement when your shoes wear out once or twice a year
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Dec 7, 2020 04:03
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Footwear as a Service
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Dec 7, 2020 04:07
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Main Paineframe posted:it says the term is mileage-based, not time-based. so you don't send them back until they start to fall apart, which they say will usually happen after 6 to 9 months OK, it says 600km. Which for me is about a month. Seems like sticking with my xeros and their 8000km warranty is still cheaper.
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Dec 7, 2020 04:08
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Inceltown posted:OK, it says 600km. Which for me is about a month. Yes but then you don't get to tell everyone your sneakers are made of beans.
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Dec 7, 2020 04:08
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Facebook Aunt posted:Yes but then you don't get to tell everyone your sneakers are made of beans. I've been saying that for years anyway. It's not true but I still say it.
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Dec 7, 2020 04:12
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How are they gonna call the second iteration of the recyclable subscription shoe
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Dec 7, 2020 04:13
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Beans. It always comes back to beans.
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Dec 7, 2020 05:06
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Dec 7, 2020 05:15
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Thinkin about thos shoes
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Dec 7, 2020 05:15
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beans
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Dec 7, 2020 05:20
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thanks! it is made of beans!
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Dec 7, 2020 05:32
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Do the bean shoes come with a compartment where I can store my small pieces of Impossible meat?
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Dec 7, 2020 06:36
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