reply to fifty nine
Re: Covering cost vs profit
said by fifty nine:Thank you fifty nine. I've been saying this for years.
I don't see how an item's or a service's actual cost reflects the market price though. With other goods and services thanks to cheap labor overseas they cost very little to make. Yet companies charge a significant sum for them.
Why is that? The answer is profit and shareholders.
I am SO sick of hearing the BS excuse from these mega rich corp's that moving production overseas is because of the American demand for cheap goods.
The goods produced are NOT cheap. They are cheaply made, but they are NOT cheap to buy, often costing *more* than when they were produced here in the US. And all that money saved on labor goes right into their coffers.
So the consumer gains nothing. They still pay a high price, but now get something that's shoddy and will quickly break or fall apart.
What a scam.