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Reply to "Boycotting stores with skeleton crews"
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[quote=Anonymous][quote=Anonymous]So many of these places are either owned by larger corporations and conglomerates or [b]private equity.[/b] All those places only case about stock prices and dividends and profits. Hiring fewer people is lowering costs and increasing profits. It doesn't lead to longevity of the business or customer loyalty but noone cares. The stock market is up so that's all thst matters. Would you pay 10-20% for something with good service? Because the companies aren't taking a hit on their profit. Welcome to unfettered capitalism. [/quote] PE formula: Buy tested business Turn it into an absolute sewer Chop it up and sell it for parts Low-wage and/or semi-skilled workers lose their jobs PE vultures profit immensely Repeat [/quote]
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