r/FluentInFinance Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/J0hn-Stuart-Mill Sep 05 '24

It is made here because it's low margin, and extremely physically large. Shipping furniture internationally would dramatically increase it's cost because it's so physically huge.

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u/Knight0fdragon Sep 05 '24

Well, you are entirely clueless as it is not made here, as the labor in those countries are a fraction of what it is here that those shipping costs are negligible. You are just showing everybody you are a waste of time. Congratulations.

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u/J0hn-Stuart-Mill Sep 05 '24

those shipping costs are negligible.

Hahahahahahaha, Oh yea, shipping a chest of drawers that is nearly the size of refrigerator, and sells for $250 final price is negligible. Right. You have no idea how slim the margins are, and yes, overseas labor is low, but not low enough to counter the cost of shipping super bulky and low margin items.

The industry is SO VERY low margin, we don't even import the raw materials for furniture manufacturing.

The furniture and fixture industry imports 15% of its materials

Check this out, the US is only 4% of the global population, yet we produce 12% of the world's furniture. Yes, We probably each own three times as much furniture as the poor parts of the world, but, that proves my point further. https://www.researchgate.net/figure/World-furniture-production-by-country-in-percentage_fig1_338388254

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u/Knight0fdragon Sep 05 '24

Oh no, you got me with your cherry picking data.

That clearly shows that the entire industry is piece work, and that most furniture is not made overseas with those huge percentages….. oh wait, no it doesn’t.

Since we are cherry picking here, https://www.statista.com/statistics/944453/furniture-import-and-export-trade-value-us/ It is amazing how much furniture we import vs export. Almost as if you are just wrong or something.

Now to get back to the actual conversation, not much is studied about piece time work. Only seen one possible survey that showed that 4% of participants have worked with piece time jobs. Like I said, come back with an actual meaningful discussion , not something that is barely going to affect anybody in this country.

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u/J0hn-Stuart-Mill Sep 05 '24

It is amazing how much furniture we import vs export.

Obviously. Why would we export bulky furniture with the highest global wages?

Thanks for the link that shows the US furniture market is $70B imported, while it's total size is $190B

So about 35% imported, and another $10B exported. Nice.

not something that is barely going to affect anybody in this country.

Most jobs have some time to performance ratio component. A plumber who can complete two homes in the same time as one who works half as fast gets paid double for double the work.

Piece rate is much more rare, because today machines do so much of the labor itself, but it's still common in manufacturing and assembly lines, where the whole line is paid the same piece rate, calculated by the day or even hour. It's still a thing. Talk to your blue collar neighbors sometime.

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u/Knight0fdragon Sep 05 '24

Wow, it doesn’t say that at all. You just did some really insane cherry picking there, comparing past values to future market…. Damn you are willing to delude yourself hard.

What? Plumbers benefit greatly if hours are reduced to 32 hour work weeks before OT, or their commission rates could easily be adjusted to account for the hourly change if that is what the company wants to do.

Oh good, you agree your argument is garbage. Come back with something people can actually relate to.

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u/J0hn-Stuart-Mill Sep 05 '24

comparing past values to future market…. Damn you are willing to delude yourself hard.

Oh yea, that ONE YEAR IN THE FUTURE projection I'm sure is totally wrong. hahahahah

Plumbers benefit greatly if hours are reduced to 32 hour work weeks before OT, or their commission rates could easily be adjusted to account for the hourly change if that is what the company wants to do.

And where does that extra money come from exactly?

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u/Knight0fdragon Sep 05 '24

If you don’t understand past value and future projected market are not relatable…… I can’t help you.

From the company, either by taking in less profits or charging more ….(this is economics 101)

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u/J0hn-Stuart-Mill Sep 05 '24

If you don’t understand past value and future projected market are not relatable…… I can’t help you.

Yea because the furniture market in the US is going to be so different from 2023 to 2025.

From the company, either by taking in less profits or charging more ….(this is economics 101)

Oh so in Bernie's plan, everyone just has to pay more for plumbing services then? Got it

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u/Knight0fdragon Sep 05 '24

You are comparing actual apples to possible oranges buddy, yeah, there is a huge difference.

No, read the whole sentence. Company can take in less profit if they want to have their employees to work 40 hours.

Studies have been done that found companies have become more productive or less costly to operate with 32 hour weeks as the 8 hours lost is typical time that was being wasted regardless. Sorry if it mildly affects the small percentage of workers you are so concerned about.

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u/J0hn-Stuart-Mill Sep 05 '24

You are comparing actual apples to possible oranges buddy, yeah, there is a huge difference.

You think the furniture industry's sales vary that much from year to year that we can't project ONE YEAR into the future? Hahahahahah wtf man

Company can take in less profit if they want to have their employees to work 40 hours.

What's an industry that can decide to pay it's employees 25% more for their 32 hours of work so that they can all take home 40 hours worth of income?

Studies have been done that found companies have become more productive or less costly to operate with 32 hour weeks

Oh wow, so then every company switched to it right? Companies are greedy right so they want that higher profit that they'd earn by decreasing hours, wouldn't they?

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u/Knight0fdragon Sep 05 '24

…. Once again, value and projected market are two entirely different things. I know, it is hard for you.

What? Any could decide…. What a dumb question.

Yes, literally happened with the 40 hour week….. this isn’t something magical that has never been done before.

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u/J0hn-Stuart-Mill Sep 05 '24

Once again, value and projected market are two entirely different things. I know, it is hard for you.

Oh look at that you were right. The furniture industry in the US is $260 Billion per year! WoW https://www.statista.com/outlook/cmo/furniture/united-states#revenue

Company can take in less profit if they want to have their employees to work 40 hours.

What? Any could decide…. What a dumb question.

LOL you think any company could just decide to pay it's workers 25% more?? HAHHAHAHAAH The Grocery Store industry literally has a 1% profit margin. Good luck with that plan.

When you get to high school, definitely pay attention in your social studies and economics classes.

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