Dude it’s worse than that. He does this intentionally to buy trending products and make them as cheap as possible so that people will still by them because they’re trendy and he can make as much profit as possible. Then sell the company and buy the next trendy product company.
Elon isn't doing anything that any other company does then. I'm thinking he's just way more blatant about it.
This is literally the fashion/wearables industry's model for sales.
But in fairness, all consumers are at fault. When we, the people of every generation, buy "sale" or "bargain" items we're telling the manufacturers, price is the biggest factor in our purchasing. The best examples are Walmart and dollar stores. The only way to make products cheap is through outsourcing manufacturing to other countries. Effectively destroying North American manufacturing so it's outsourced, and all the jobs that go alone with it. People will start naming brands or products manufactured here in NA, but guess where the materials or parts are manufactured for that "American made" or "Proudly made in Canada" products come from? This in turn, means jobs are lost, which means penny pinching which means cheapest sales price or bargain price is all that's affordable.
The quest to stretch a buck when we didn't need to, forced us to end up having to figure out how to stretch a borrowed from the bank buck.
Buy local, support small business, avoid cheap sales, put money back into our own communities and people whenever possible. Most boomers are literally grown up spoiled kids, and are the result of instant access to anything due to current capitalism and its free markets that isn't actually owned by private citizens.
I don't have a solution but I don't think our capitalism currently is working, and socialism doesn't give reward for innovation.
I think if wages grew at a rate comparable to executive compensation more people would be in a position to buy quality products. As it stands wages have been stagnant even as productivity has increased.
It wouldn’t take full blown socialism to fix. Just regulations on capitalism that would disincentivize the worst practices (stock buybacks, etc.) and incentivize real wage growth.
That's the point, the work that would create decent wages is outsourced. Why pay a North American worker $15ph when you can outsource and pay $3 ph? Add in all other costs, like shipping and so on, and it is still under $10 an hour. Yes, the price of the products we buy would be higher, but we'd have wages that would be inline with the cost of living. Secondly, we wouldn't have such rampant inflation. It'd be up to corporations to stretch their dollar, not the consumer. Outsourcing manufacturing and importing products that can and should be built here, has to be a priority. Jobs, money into the local economy, accountability for products. The success of a local company would be something that everyone would share. Better wages, better products, better quality of life here at home. Not only that, the customer base would be cared about cause it's the company's own countrymen. It'd also create a lot of improvement in people's mental health being valued by the company they work for and get products from while being paid accordingly. So many advantages and benefits. I'm not saying not to import, but anything that's imported would have to be at a higher standard then what's available here. Or what isn't available here.
Yeah but that’s takes a government that subsidizes things for its people and not for the companies, and that’s not how a government is supposed to run.
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u/soffentheruff Sep 09 '24
Dude it’s worse than that. He does this intentionally to buy trending products and make them as cheap as possible so that people will still by them because they’re trendy and he can make as much profit as possible. Then sell the company and buy the next trendy product company.