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too rich?
#71
RE: too rich?
Perhaps we are mis-communicating. I'm talking about the erosion of the middle class in America and how we're starting to resemble a 3rd world economy with a top 1% living in gated communities while the rest live in squalor.

Take my own business as an example. I run a dental prosthetic manufacturing business. My bread and butter is from the middle class. When they have jobs and dental insurance, I do well.

When I came into this business in the 90s, growth seemed relatively effortless. As long as your quality was good, your service was dependable and you put a lot of work and care into your lab, you were virtually set to grow each year. Hiring experienced technicians was impossible, since all of them were already employed. Any time I did hire an experienced tech, I quickly found out there was a reason they were available for hire (drug problem, anger problem, etc). I had to hire inexperienced trainees and train my own techs.

To take one department as a prime example, we peaked in 2001 in our partial denture metal frame castings, with 6 technicians and 18-20 frames cast each working day.

I look back nostalgically on those good times as the days of flowing milk and honey.

Today, I employ 3 technicians in that department. We produce about 10 frames a day. The department's production has been sliced in half since our peak. Meanwhile, I have experienced technicians knocking on my door all the time, unsolicited, asking if I'm hiring. I have to turn them away, taking an application to keep on file "just in case". As if.

What happened?

Did a local competitor grab up my framework business? No. In fact, not one of my local competitors even casts their own frames.

So where did the business go? I know exactly where.

China.

A national corporation offers to ship frameworks off to China to have them done at a fraction of a price, so low that I can't possibly compete with it. There are other corporations that will do the same.

This is the new normal in America.
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Messages In This Thread
too rich? - by jonb - January 21, 2013 at 9:07 pm
RE: too rich? - by TaraJo - January 21, 2013 at 10:10 pm
RE: too rich? - by jonb - January 21, 2013 at 11:11 pm
RE: too rich? - by jonb - January 25, 2013 at 6:45 pm
RE: too rich? - by Minimalist - January 21, 2013 at 11:34 pm
Re: too rich? - by fr0d0 - January 22, 2013 at 4:40 am
RE: too rich? - by Nine - January 22, 2013 at 4:56 am
RE: too rich? - by A Theist - January 22, 2013 at 10:00 am
RE: too rich? - by frankiej - January 22, 2013 at 10:03 am
RE: too rich? - by A Theist - January 22, 2013 at 10:06 am
RE: too rich? - by frankiej - January 22, 2013 at 10:08 am
RE: too rich? - by A Theist - January 22, 2013 at 10:15 am
RE: too rich? - by jonb - January 22, 2013 at 10:35 am
RE: too rich? - by Minimalist - January 22, 2013 at 10:40 am
RE: too rich? - by Ryantology - January 22, 2013 at 12:44 pm
RE: too rich? - by Nine - January 22, 2013 at 10:07 am
RE: too rich? - by TaraJo - January 22, 2013 at 11:00 am
RE: too rich? - by A Theist - January 22, 2013 at 11:14 am
RE: too rich? - by TaraJo - January 22, 2013 at 12:04 pm
RE: too rich? - by DeistPaladin - January 24, 2013 at 9:38 am
RE: too rich? - by Cato - January 24, 2013 at 11:32 am
RE: too rich? - by DeistPaladin - January 24, 2013 at 12:40 pm
RE: too rich? - by Mister Agenda - January 24, 2013 at 1:58 pm
RE: too rich? - by DeistPaladin - January 24, 2013 at 2:43 pm
RE: too rich? - by Brian37 - January 26, 2013 at 9:11 pm
RE: too rich? - by jonb - January 22, 2013 at 10:07 am
RE: too rich? - by Edwardo Piet - January 22, 2013 at 10:29 am
RE: too rich? - by Faith No More - January 22, 2013 at 10:39 am
RE: too rich? - by Tiberius - January 22, 2013 at 11:41 am
RE: too rich? - by Edwardo Piet - January 22, 2013 at 11:55 am
RE: too rich? - by jonb - January 22, 2013 at 12:34 pm
RE: too rich? - by Tiberius - January 22, 2013 at 1:08 pm
RE: too rich? - by jonb - January 22, 2013 at 10:14 pm
RE: too rich? - by jonb - January 23, 2013 at 8:45 pm
RE: too rich? - by jonb - January 23, 2013 at 10:20 pm
RE: too rich? - by Cato - January 23, 2013 at 10:32 pm
RE: too rich? - by popeyespappy - January 22, 2013 at 12:21 pm
RE: too rich? - by downbeatplumb - January 22, 2013 at 1:31 pm
RE: too rich? - by Ryantology - January 22, 2013 at 4:20 pm
RE: too rich? - by Tiberius - January 22, 2013 at 5:02 pm
RE: too rich? - by A Theist - January 22, 2013 at 6:44 pm
RE: too rich? - by TaraJo - January 22, 2013 at 7:17 pm
RE: too rich? - by Ryantology - January 22, 2013 at 9:53 pm
RE: too rich? - by Tiberius - January 22, 2013 at 8:28 pm
RE: too rich? - by TaraJo - January 22, 2013 at 8:37 pm
Re: too rich? - by fr0d0 - January 22, 2013 at 8:52 pm
Re: RE: too rich? - by fr0d0 - January 22, 2013 at 11:09 pm
RE: too rich? - by Tiberius - January 23, 2013 at 9:01 am
RE: too rich? - by jonb - January 23, 2013 at 1:05 pm
RE: too rich? - by Mister Agenda - January 23, 2013 at 1:28 pm
RE: too rich? - by jonb - January 23, 2013 at 2:11 pm
RE: too rich? - by Mister Agenda - January 23, 2013 at 3:05 pm
RE: too rich? - by Tiberius - January 23, 2013 at 7:57 pm
RE: too rich? - by downbeatplumb - January 23, 2013 at 1:43 pm
RE: too rich? - by TaraJo - January 23, 2013 at 2:06 pm
RE: too rich? - by Mister Agenda - January 23, 2013 at 1:58 pm
RE: too rich? - by downbeatplumb - January 23, 2013 at 2:05 pm
RE: too rich? - by downbeatplumb - January 23, 2013 at 2:12 pm
RE: too rich? - by frankiej - January 23, 2013 at 4:21 pm
RE: too rich? - by Something completely different - January 23, 2013 at 2:33 pm
RE: too rich? - by Ryantology - January 23, 2013 at 5:11 pm
RE: too rich? - by Tiberius - January 23, 2013 at 9:06 pm
RE: too rich? - by ComplexityofChaos - January 23, 2013 at 10:13 pm
RE: too rich? - by A Theist - January 24, 2013 at 7:07 am
RE: too rich? - by jonb - January 24, 2013 at 8:25 am
RE: too rich? - by Tiberius - January 24, 2013 at 10:08 am
RE: too rich? - by jonb - January 24, 2013 at 10:17 am
RE: too rich? - by Tiberius - January 24, 2013 at 3:32 pm
RE: too rich? - by Dee Dee Ramone - January 24, 2013 at 8:27 am
RE: too rich? - by jonb - January 23, 2013 at 11:37 pm
RE: too rich? - by frankiej - January 24, 2013 at 9:31 am
RE: too rich? - by Tiberius - January 24, 2013 at 7:00 am
RE: too rich? - by jonb - January 24, 2013 at 9:19 am
RE: too rich? - by jonb - January 24, 2013 at 12:53 pm
RE: too rich? - by jonb - January 24, 2013 at 3:16 pm
RE: too rich? - by Mister Agenda - January 24, 2013 at 3:34 pm
RE: too rich? - by jonb - January 24, 2013 at 4:09 pm
RE: too rich? - by Shell B - January 24, 2013 at 6:50 pm
RE: too rich? - by jonb - January 24, 2013 at 10:46 pm
RE: too rich? - by Shell B - January 25, 2013 at 11:57 am
RE: too rich? - by Violet - January 25, 2013 at 1:45 am
RE: too rich? - by jonb - January 25, 2013 at 8:04 am
RE: too rich? - by Mister Agenda - January 25, 2013 at 3:07 pm
RE: too rich? - by jonb - January 25, 2013 at 12:38 pm
RE: too rich? - by Shell B - January 25, 2013 at 12:44 pm
RE: too rich? - by jonb - January 25, 2013 at 12:51 pm
RE: too rich? - by jonb - January 25, 2013 at 2:51 pm
RE: too rich? - by Shell B - January 25, 2013 at 2:26 pm
RE: too rich? - by Shell B - January 25, 2013 at 3:22 pm
RE: too rich? - by jonb - January 25, 2013 at 3:47 pm
RE: too rich? - by Shell B - January 25, 2013 at 4:46 pm
RE: too rich? - by jonb - January 25, 2013 at 5:41 pm
RE: too rich? - by Shell B - January 25, 2013 at 6:07 pm
RE: too rich? - by Shell B - January 25, 2013 at 7:10 pm
RE: too rich? - by jonb - January 25, 2013 at 7:46 pm
RE: too rich? - by Tiberius - January 25, 2013 at 7:53 pm
RE: too rich? - by jonb - January 25, 2013 at 8:06 pm
RE: too rich? - by Tiberius - January 25, 2013 at 8:08 pm
RE: too rich? - by jonb - January 25, 2013 at 8:13 pm
RE: too rich? - by HorribleOffensiveScouser91 - January 25, 2013 at 8:14 pm
RE: too rich? - by Tiberius - January 25, 2013 at 8:28 pm
RE: too rich? - by HorribleOffensiveScouser91 - January 25, 2013 at 8:43 pm
RE: too rich? - by Tiberius - January 25, 2013 at 8:50 pm
RE: too rich? - by Shell B - January 25, 2013 at 8:46 pm
RE: too rich? - by jonb - January 25, 2013 at 8:28 pm
RE: too rich? - by Tiberius - January 25, 2013 at 8:43 pm
RE: too rich? - by Nine - January 25, 2013 at 8:50 pm
RE: too rich? - by Violet - January 25, 2013 at 9:06 pm
RE: too rich? - by jonb - January 25, 2013 at 9:59 pm
RE: too rich? - by Tiberius - January 26, 2013 at 12:15 pm
RE: too rich? - by Whateverist - January 26, 2013 at 1:55 pm
RE: too rich? - by Cinjin - January 26, 2013 at 2:36 pm
RE: too rich? - by DeistPaladin - January 26, 2013 at 8:24 pm
RE: too rich? - by Tiberius - January 26, 2013 at 3:29 pm
RE: too rich? - by downbeatplumb - January 27, 2013 at 9:49 am
RE: too rich? - by YahwehIsTheWay - January 27, 2013 at 12:31 pm
RE: too rich? - by naimless - January 26, 2013 at 8:19 pm
RE: too rich? - by Shell B - January 26, 2013 at 10:29 pm
RE: too rich? - by Brian37 - January 27, 2013 at 6:27 pm
RE: too rich? - by jonb - January 26, 2013 at 10:51 pm
RE: too rich? - by Minimalist - January 26, 2013 at 11:11 pm
RE: too rich? - by YahwehIsTheWay - January 27, 2013 at 12:04 am
RE: too rich? - by Minimalist - January 27, 2013 at 12:13 am
RE: too rich? - by YahwehIsTheWay - January 27, 2013 at 12:22 am
RE: too rich? - by Minimalist - January 27, 2013 at 12:47 am
RE: too rich? - by YahwehIsTheWay - January 27, 2013 at 1:45 am
RE: too rich? - by Minimalist - January 27, 2013 at 2:10 am
RE: too rich? - by jonb - January 27, 2013 at 9:51 am
RE: too rich? - by BGChuckLee - January 27, 2013 at 12:29 pm
RE: too rich? - by Something completely different - January 27, 2013 at 1:03 pm
RE: too rich? - by BGChuckLee - January 27, 2013 at 1:17 pm
RE: too rich? - by Minimalist - January 27, 2013 at 12:55 pm
RE: too rich? - by YahwehIsTheWay - January 27, 2013 at 1:00 pm
RE: too rich? - by downbeatplumb - January 27, 2013 at 1:15 pm
RE: too rich? - by Something completely different - January 27, 2013 at 1:26 pm
RE: too rich? - by jonb - January 28, 2013 at 8:00 am
RE: too rich? - by CapnAwesome - January 28, 2013 at 2:46 pm
RE: too rich? - by downbeatplumb - January 28, 2013 at 3:03 pm
RE: too rich? - by CapnAwesome - January 28, 2013 at 3:09 pm
RE: too rich? - by downbeatplumb - January 28, 2013 at 3:14 pm
RE: too rich? - by CapnAwesome - January 28, 2013 at 3:19 pm
RE: too rich? - by Mister Agenda - January 28, 2013 at 4:06 pm
RE: too rich? - by Tiberius - January 28, 2013 at 6:19 pm
RE: too rich? - by downbeatplumb - January 29, 2013 at 1:48 pm
RE: too rich? - by jonb - January 28, 2013 at 9:06 pm

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