tag:blogger.com,1999:blog-529575095156315075.post6501390435913954789..comments2024-02-09T12:12:37.636-08:00Comments on best minimum wage job a middle aged guy ever had: Biz bits.Duncan McGearyhttp://www.blogger.com/profile/02857388833850939721noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-529575095156315075.post-65908673342857671352011-12-01T11:07:49.798-08:002011-12-01T11:07:49.798-08:00"...So for instance, what happens to Walmart ..."...So for instance, what happens to Walmart when China's workers want more money. I guess they move to another part of the world. -- but the point remains, the advantage eventually is eroded."<br /><br />So? The Roman Empire was also finite, but for them while it lasted, they enjoyed it. What you said has been the rule since WWII ended. First Japan, then So. Korea, now China. But for some industries, they have left China for Burma, Bangladesh, Sirilanka. There will always be competitive advantages.Carlhttps://www.blogger.com/profile/03125941715439262866noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-47059023934305525502011-12-01T09:26:18.130-08:002011-12-01T09:26:18.130-08:00Another term for dysfunctional industries, is &quo...Another term for dysfunctional industries, is "suicidally competitive."<br /><br />Makes no sense. But industries get to a point where NO ONE makes money because EVERYONE undercuts.<br /><br />Like I said, dysfunctional.<br /><br />I've wondered sometimes if every industry eventually cuts prices to that point.<br /><br />If one purveyor can figure out a competitive advantage, he forces everyone else to drop their prices too.<br /><br />Except competitive advantages are impossible to maintain forever.<br /><br />So for instance, what happens to Walmart when China's workers want more money. I guess they move to another part of the world. -- but the point remains, the advantage eventually is eroded.<br /><br />But the price structure remains. Forever.Duncan McGearyhttps://www.blogger.com/profile/02857388833850939721noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-19905114044628481632011-12-01T09:22:43.932-08:002011-12-01T09:22:43.932-08:00I've always liked Yogi Berra's comment: &...I've always liked Yogi Berra's comment: "No one eats there anymore. It's too crowded."<br /><br />Still, I suppose it could become a problem. But I'd rather have too many than too little people downtown.Duncan McGearyhttps://www.blogger.com/profile/02857388833850939721noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-92045479839406949752011-12-01T09:16:48.292-08:002011-12-01T09:16:48.292-08:00"I never thought to ask this but: Is this bus..."I never thought to ask this but: Is this business [Deschutes Brewery] getting too big for downtown Bend?"<br /><br />Where do you think it should be? The Old Mill District? Parking is almost as jammed there. I guess they could move it to one of the malls, but I don't think Gary Fish would go for that.H. Bruce Millerhttps://www.blogger.com/profile/14613347512240617956noreply@blogger.com