Christianomics: A blog on economics, politics, and law

  Spoken like someone who has never managed the costs of running a business. Profit = price - costs Costs include but are not limited to: employees, certifications, facility mortgages, materials, gas, electricity, and taxes. Profit is becoming a demonized word, but the reality is if a company cannot make a profit then it cannot provide employment opportunities and it cannot provide goods and services to people in the local community. Most companies in the US. only make 8% profit. (1) With such a slim margin, if any of the above costs go up, then the average company has no choice but to raise prices just to stay afloat. It is absurd that the administration does not get such basic economics 1. https://wordsandnumbers.libsyn.com/you-just-hate-the-poor...

We are halfway through December. This is the busiest time of year for companies like UPS, Fedex, and Amazon. And the question on everyone's mind is, “Can I get my package delivered by the 25th?” All of this is going on, just like it does every year, and yet….my local Post Office had one solitary person working the front desk. This would have been irritating on its face, but to add insult to injury, an older woman next to me heralded the Post Office’s “efficiency” and assured everyone that we would be in and out “quickly.” While I recognize that patience is a virtue and a Fruit of the Spirit, the Post Office was not efficient and after waiting 45 minutes (with a long line of people still behind me), I can also say it was not quick. Looking into the Post Office’s history reveals a long line of inefficiencies. They haven’t made a profit since 2006 and in 2019 alone the Post Office lost 8.8 BILLION dollars (that’s $8,800,000,000)(1) What’s the deal? Why does this happen? The Foundation...