30 Dec 2021, 9:00 am
funeralxempire
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31 Dec 2021, 2:57 pm
31 Dec 2021, 3:18 pm
Yep.
funeralxempire
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02 Jan 2022, 2:03 pm
funeralxempire
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03 Jan 2022, 5:07 pm
03 Jan 2022, 5:36 pm
This makes no sense, because it assumes that the street vendor, the taxi driver, and the babysitter have no overhead costs. How does the street vendor obtain the goods she sells? How does the taxi driver obtain the fuel to run his taxi? How do any of them obtain anything else other than what this meme say they obtain?
No . . . there is also the law of Diminishing Returns. That original $10 is likely to be reduced by 50% each time it changes hands due to overhead costs, so that by the time the babysitter gets it, she has only $1.25 to spend.
funeralxempire
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03 Jan 2022, 5:59 pm
This makes no sense, because it assumes that the street vendor, the taxi driver, and the babysitter have no overhead costs. How does the street vendor obtain the goods she sells? How does the taxi driver obtain the fuel to run his taxi? How do any of them obtain anything else other than what this meme say they obtain?
No . . . there is also the law of Diminishing Returns. That original $10 is likely to be reduced by 50% each time it changes hands due to overhead costs, so that by the time the babysitter gets it, she has only $1.25 to spend.
If you don't understand the concept you can start with an overview of the concept:
https://www.investopedia.com/terms/v/velocity.asp
funeralxempire
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05 Jan 2022, 3:25 pm
funeralxempire
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06 Jan 2022, 9:25 pm
07 Jan 2022, 12:13 am
Yep, A lot of well paid jobs are essentially meaningless.
Grocery store workers need to be on way higher wages for what they do.
funeralxempire
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10 Jan 2022, 9:28 pm
11 Jan 2022, 1:08 am
I hope that the killing-fields soon will be hystory
funeralxempire
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12 Jan 2022, 10:35 pm
BC Supreme Court Justice Kent just said the quiet part out loud and admitted that the Crown's 'radical underlying title'to Indigenous land is 'simply a legal fiction to justify the de facto seizure and control of the land and resources formerly owned by [Indigenous peoples].'
14 Jan 2022, 11:59 pm
funeralxempire
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15 Jan 2022, 7:17 pm
18 Jan 2022, 2:29 am
