• MarxMadness@lemmygrad.ml
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    1 year ago

    If you don’t generate enough revenue to cover any other business expense, you don’t have a workable business plan (unless you’re a tech grifter gorging on VC money, but that’s another story).

    If you don’t generate enough revenue to cover decent wages, you don’t have a workable business plan.

    • Asafum@feddit.nl
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      1 year ago

      But my business plan is “exploit poor people!” Selling replicas of Trump’s anus made from asbestos fibres and marketed to children is just a byproduct. The guy at the bank even laughed when he signed off on it and said “that’s everyone’s business plan!”

      Then we smoked cigars and pushed the janitor down the stairs as we shared a laugh.

    • zoe@lemm.ee
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      1 year ago

      yea most of the time its demand that is outweighed by supply, so additional businesses only wean off profits for the whole crowd. but instead of admitting to reality, owners prefer to put slavery laws under test

  • 小莱卡@lemmygrad.ml
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    1 year ago

    you would not believe the amount of “enterpreneurs” in Mexico that complain that their businesses are going under after a 50 pesos ($3) increase to the minimum wage.

      • 小莱卡@lemmygrad.ml
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        1 year ago

        Forgot to mention that our minimum wage is DAILY. A $3 increase to the DAILY minimum wage takes them out of business 😅

        • sabreW4K3@lemmy.tfOP
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          1 year ago

          The structure needs tearing down. One of the things we are missing in order to do that is a hoarding tax. Because if everyone is paid properly and coerced to spend, then the business’s accrue additional income.

  • monobot
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    1 year ago

    54 upvotes and we don’t have any comment, that’s how truthful this is.

  • sinovictorchan@lemmygrad.ml
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    1 year ago

    The victim of Communism who fled mainland China and later from Hong Kong after staging the 1989 false flag terrorism in China did made the complains that any actions against the freeriding by the Capitalist class will suddenly cause major economic recession despite the contradiction to their alleged meritocracy and the original Liberal principles from Adam Smith (1776). Contrary to the Liberal principle, the Liberals hypocritically demand government interference to kill workers who stage democratic mass strike for meritocracy in the British Steam Revolution, rob Indigenous land without consequence on the excuse that Indigenous people have no European-style document to prove land ownership, gain Cold War advantage through enslavement of First Nation children in fake schools where they also conduct unethical experimentation for health research and inheritance theif fraud. It is ironic how the Liberals who made the most complain about government intervention on the allegation that government intervention is bad are the one who advocate for the very government intervention that they complained about. Do the Liberals think that the recent redefinition of words like Capitalism from government by plutocratic oligarch to free market, Socialism from government by working class to command economy, and dictatorship from government in general to absolutism will make their Liberal ideology superior when they do not even know the core principles of their Liberal ideology?

    • sabreW4K3@lemmy.tfOP
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      1 year ago

      Said time elsewhere, but I’ll say it and add additional comment: crabs in a barrel. people are predisposed to pull the ladder up after them.