MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
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Can't win fer losin': 95% firms make near 0 profit
By PeraclesPlease on Wed, 09/27/2017 - 4:54pm |I was oddly thinking about this earlier today - by economic theory, competition should drive margins down to 0, so there's likely little money to pay good salaries either. The only profits are from monosopies, companies able to rig the system, and there aren't so many.
URL:
https://www.bloomberg.com/view/articles/2017-09-26/so-few-market-winners-so-much-dead-weight
- 255 reads