If you work at Timmy’s do a count of how many ice caps you make in a day. Multiply that by the cost. I guarantee on ice caps alone you make more value than you get back in your check

Libs learn about the labor theory of value and are like, “so what if people skim a little off the top? The business has overhead.” This is not skimming. Most people lose more than half of their labor value every day.

  • axont [she/her, comrade/them]
    ·
    3 years ago

    I've actually seen the numbers at my workplace and I've come to the conclusion there's next to no profit being made. Not because of any good will on the owner's part, no way. No profit is being made because of poor business decisions and the overhead outweighs the income most months. My workplace is something like a vanity project for the owner, who makes the real money through his patents and his real estate projects. He then funnels money through his manufacturing business, sometimes losing hundreds of thousands of dollars per month.

    What's actually going on is he's set up a kind of make-work project for his family (his sister, wife, son, and a few others all have high level positions) and the rest of it only exists because he likes feeling important. He likes walking around and lecturing workers. It's his hobby. I work at a multimillion dollar hobby.

    Actually in the course of writing this it occurred to me my workplace might also be some kind of tax avoidance scheme.

    • zifnab25 [he/him, any]
      ·
      3 years ago

      I remember reading something to the effect that Best Buy was breaking even on their actual merchandise and generating all their profit off of those warranty extensions they always try to sell you.

      Lots of businesses just don't make any sense on the service and only end up generating profits when you realize what's actually being sold.

    • tim [he/him,they/them]
      ·
      3 years ago

      Actually in the course of writing this it occurred to me my workplace might also be some kind of tax avoidance scheme.

      Any chance the transactions are cash-heavy?

      • axont [she/her, comrade/them]
        ·
        3 years ago

        No, none of that. I meant more that the business gets a lot of "small business incentive" tax breaks and favorable bank loans. Balancing out the taxes that the owner would otherwise get on his real estate investments through his manufacturing business. I don't know enough about finances to know if that's how it works, but the entire thing to me has felt fishy for a while.