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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump and Elon are ignoring the more than 32m entrepreneurs that can't afford to build a new factory or pay tariffs or
https://bsky.app/profile/mcuban.bsky.social/post/3llyl4vi7q225Mark Cuban:
There are 33m companies in the USA. Only 21k employe 500 or more. And they only make up 23% of workers.
Trump and Elon are ignoring the more than 32m entrepreneurs that can't afford to build a new factory or pay tariffs or absorb cancelled contracts.
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Trump and Elon are ignoring the more than 32m entrepreneurs that can't afford to build a new factory or pay tariffs or (Original Post)
applegrove
Apr 4
OP
Johonny
(23,284 posts)1. What company can build a new factory
With the cost of steel, lumber, cement at inflationary prices, while their profits drop.
The great depression happened for a reason. No one is going to build more product to deliver to an out of work and cash strapped populous. The whole concept only makes sense if you once bankrupt a casino.
applegrove
(125,633 posts)2. The small companies will have to sell out to the private equity and
hedge funds.
Johonny
(23,284 posts)3. Since the stock market is a leading indicator
I assume the layoffs, bankruptcies, and foreclosures are heading our way.
May small businesses will simply go away. Those Etsy stores and Chinese importers, they are gone.
Then their is my wife's friend with 25 cargo ships. I predict hard times coming their way. A lot of businesses are middle men without factories at all.