Here's the problem with breaking up oligopolies. People tend to over time gravitate back to the top companies in almost a herd type mentality.
What do you do if you break Walmart up and in 5 years one of the 5 companies is just run so much better and becomes the 'new Walmart' all over again?
Hell it can be run like shit, it just can become the "in" place to shop. So you are back to square one splitting that top company up again?
We'll just end up with ATT all over again.
Buh Byeeeeeeeeeeee !!
Just because a hashtag is trending on Twitter does not make it a factual statement. I'm surprised that needs to be said.
1. I've been all over and haven't seen a single business closed due to lack of workers. Not one. There aren't reports of widespread businesses closed due to lack of workers. There's no evidence even the first part of the thread title is true at all.
2. This is the funniest part, people haven't been given large enough handouts to never work again. Do people think the meager minimal covid handouts are enough for actual humans to never work again? Think about that, you're concluding that someone given a few thousand dollars a 1/2 year ago will never need to work again. Set for life lol. For most people that money was gone in weeks. Much less never work again, that's absolutely ludicrous to propose. So nope on the 2nd half too.
And no, a $15/hr McDonald's help wanted sign isn't evidence to support this nonsense either. As most folks are pretty aware, there are different costs of living in various places. In most 1M+ population large metro towns, the cost of living is higher. Rent, food, gas, etc. is significantly more expensive than in lower cost of living rural areas. So yes there are McDonald's hiring at $15/hr....in NYC, Chicago, Atlanta, Dallas, etc. In your town, probably $9/hr. Regardless, McDonald's everywhere are open WITH workers working, contrary to this nobody works jobs anymore fantasy.
If a business really can't get workers, it's because they are a crappy employer or the pay they are offering is insufficient for the local market. There are businesses I would never want to work for because I know they have high employee turnover, or because of stories I've heard from friends about the way they treat employees.
Last edited by Biglog; 2021-05-13 at 09:30 PM.
The problem is not with breaking them up but the follow through we tend to lax regulations overtime and end up in the same situations. The breaking up of the companies just opens up competition and breaks barrier for entry. When you have oligopolies it's near impossible for anyone to grab market share that is of any significance.
There are also case where it is clear cut for example there's no reason why we can't break up facebook and instagram or the big banks..
actually they are the first company I've seen push back against amazon in a huge wage war in my state.
signs at the front door this afternoon 16.00 an hour starting front end work. 17.50 overnight stocking.
includes benefits, education reimbursement and flexible hours.
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and yet Microsoft has managed to grab 20% market share vs AWS 31% in a short period.
and yet Amazon managed to grab huge market share from Walmart's massive retail grasp.
Facebook and Instagram stole market share away from the monsters at the time and are now the two monsters in the room. Though you still have google, wechat, whatsapp clocking in at over a billion users.
Poor myspace, AOL, CompuServe all had huge market share at their peaks.
Better of worrying about anti-competitive practices by these companies then wasting time on pushing monopoly issues with them.
Buh Byeeeeeeeeeeee !!
But those are not very good examples you are talking about huge companies with resources breaking into companies market share with similar huge resources. This is not the early days of the internet where there were less barriers of entry for companies like facebook. You are correct however we don't necessarily need to break everything some of them can be curtailed with regulation against their practices.
Amazon was tiny and unprofitable for a very long time.
they are the perfect example.
Still after all this time they are still a decade away from getting close to Walmart in retail. they will most likely catch up thanks to revenue outside of retail for which Walmart has no interest in branching out.
Buh Byeeeeeeeeeeee !!
They also pay more than small businesses usually. The small businesses that turn into big businesses have great customer service and treat their workers well at the expense of revenue in the short term. A small business is not inherently more ethical just because they are small. Similarly, poor people are not more ethical than rich people simply because they are poor.
Last edited by dwarven; 2021-05-13 at 11:02 PM.
Great. If people don't want/need low paying jobs then that means society is happy and people are doing good without those jobs.
Of course we could increase the population or automate low paying jobs to alleviate this issue, which I support, but I think even with both of those two things we'll always run into some kind of labor shortage and there's no scenario where people become obsolete and can't create more value for organizations.
Last edited by PC2; 2021-05-14 at 12:02 AM.
The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts.
Any person who is disadvantaged so much that they can't possibly find a place in society without the government's helping hand is unworthy of respect. They should be closed.
Any person incapable of higher potential than bare minimum human capability is unworthy of respect. They should be closed.
etc.
Goes both ways, and I'm a firm believer in proper negotiating dynamics of strong vs weak. No one owes you help or acknowledgment of your existence.
I just bought some new dumbbells not from Amazon.Got them directly from the company; however, there is a oligopoly problem where there are few competitors.
The poor boy that may lose business is fucking Walmart and Target now because Amazon has thoroughly crushed all other competition.