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Joined 1 year ago
Joined 1 year ago
The real enemy is the belief that value can be created from nothing, such that an economy of infinite growth can exist. Once you've exhausted all the externalities - exploiting people overseas, domestically, pillaging natural resources - you're left in a zero sum game.
Contrasted with very rational people who are chasing magical, unmoored valuations in the stock market for instance. We buy and sell equity based not on future cash flows, but on confidence there will be a bigger sucker down the line. This untethering of "value" from any productive work is a greater contributor to the hollowing out of the US economy than anyone buying a piece of amethyst.
I've been running a retail business with similar inventory costs for a couple years. I have one employee and I pay them generously. I personally chip in about 20-30k annually to keep the whole thing afloat. It's definitely possible if you keep things small.
Edit to add: 10k in inventory just doesn't add up. In retail you need to turn over inventory multiple times annually to cover your fixed expenses like staff, rent, etc. if you only have 10k worth of inventory and you're burning >10k a month that means you're selling everything in the store every couple weeks. I don't think books move that quickly, although I could be corrected. Usually the retail standard is turning over inventory 4-5 times annually.
> In addition to SSNs, the database reportedly includes Americans’ place and date of birth, work permit status, and parents’ names
This is quite a bit more information than just a number.
The manager in question has admitted they fucked up and didn't realize how much HR would try to force my friend out for being a problem.
A great example is my friend, who works in a non-technical office job. She has always gotten great performance reviews and gone above-and-beyond because she's very passionate about her work. She's been doing this for over 10 years. Lately she has experienced some pretty severe burnout, and her immediate manager didn't know how to handle it so they immediately punted her to HR for a disability leave.
Of course because HR is involved now there's paperwork and doctors and insurance implications. A competent manager could have navigated the situation "unofficially" and preserved a valuable employee, instead of sending them on a 6 month odyssey of navigating the healthcare system. Ultimately the business got less value out of the employee because she's stressed and has to take a bunch of time off to deal with administrative BS.