|
I wouldn't trust a place like Walmart for "fine" jewelery. Like stated more crap from China.
But if one ever knew the mark up on Diamonds is incredible. Everyone that handles it is making a big buck. The mark up is hundreds if not thousands percent of what it is actually worth.
Like Spence said your selling americas soul. The lower prices seem nice but do you realize that workers in China or espercially in the Philipines are making less than a dollar a day.
These big companies don't just go overseas to save you money. They are increasing THIER profit margine buy 10 fold.
Eventually there will be no one in this country who will know how to make sneakers or clothing or god forbid fishing rods. They will all be made overseas. But what happens when these overseas countries start getting more industrialized. Those profit margines will go down, then what?
It is a vicious business cycle.
|