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Waiting for AV of you in biker shorts and tube top.ABSTRUSE said:But....but...where will I get my spandex biker shorts and tube tops??![]()
The other side of the spectrum is Walmart strong arms their vendors to lower their prices every year. Ten percent, I think it is. A company has to comply or lose the huge Walmart as a customer.
To accomplish this, vendors have to move manufacturing away from the US, throwing Americans out of jobs.
Moving jobs overseas is akin to making a building taller by taking building materials from the lower floors. It works for a while and doesn't cost you anything.
That is, moving jobs overseas cuts a companies costs letting them compete with lower prices.. But it also drags pay down in the US, worsening the US economy, and reducing the buying power of American consumers. It is that buying power that sellers enjoy.
Eventually that will come home to roost, but to a CEO, that is a problem for another Quarter, and probaby his successor. He can look good to the stockholders now.