BoatBanter.com - View Single Post

F.O.A.D.

On 6/23/13 4:34 PM, wrote:
On Sat, 22 Jun 2013 08:16:57 -0400, "F.O.A.D." wrote:

That $9.00 price point was keystoned, so the stores were paying $4.50 a
shirt. The manufacturer was making a profit at $4.50 and the workers
were supporting their families.

===

Your math and/or word usage is incorrect. The manufacturer had
"revenue" of $4.50 a shirt. Profit is revenue minus expenses.
Expenses are considerable and consist of things like labor, raw
materials, energy, administration, amortization/depreciation of
machinery/property, etc.

What you'd like to see is a return to protectionism where artificial
barriers are created to foreign made goods: Duties, Tariffs, etc. It
turns out that protectionism is a two way street however and other
countries soon follow with their own trade barriers. In addition to
hurting our export markets/jobs, protectionism also results in
artificially high prices to US consumers - not only for imported
goods, but for goods produced here as well.

Be careful what you ask for or you might end up paying twice as much
for your next car and get an inferior product. Did you ever take any
courses in economics?

Did you ever take any courses in reading comprehension?