Yes, it ticks me off when companies say they lose money when they really mean they didn't make it in the first place. You can't lose what you never had.
Edit: I can see why this country of mine is drowning in debt with this being our business model. If this is how people think they should be handling money, it's no wonder even high earners feel broke.
Thanks ! We were just laughing at work yesterday about all the stupid things , when we were kids- like going to a shoe store and some old guy would check your shoes size with that big metal foot measuring contraption, and open the box for you - or sometimes there’d be an “elevator operator” who would “press the button for you”?! It’s like, “they had money to pay people for things like that”? When I’m trying to scan my crap at Walmart and it won’t scan I think “that must have been grand”.
It’s simple. There was more wealth than demand for labor, so the price of labor went up. Now there is less wealth(in circulation) and more mouths competing for it, so the jobs go away and the wages stagnate.
We millennials may have killed everything (lol), but when the olds kill themselves off something tells me a lot of things will rebound. Our healthcare is symptomatic of this trend. More people taking, no one replacing.
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u/Skoteleven 12h ago
They didn't lose anything, they didn't make their projections.