[Jewelry making - Article 00613] - Re: [Orchid] Can't Get a Stuller Account...

[Daniel Spirer]

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>     The market, as a whole, will benefit greatly, as will the retail
>     consumer. 

    I'm not so sure this will be the case. Actually what has happened in
    the diamond industry is that the market as a whole has suffered. The
    retail customer thinks they are benefiting but in reality they
    aren't. Prices are down. Sounds great! But at what cost. So all those
    diamond companies have to cut their prices. Then they have to reduce
    their overhead. This translates to less jobs. Less jobs translates to
    less people earning a reasonable living who can no longer afford the
    product that the diamond companies want to sell (or the products that
    everyone else is trying to sell). Oh sure, they can sell a lot more
    of those industrial grade pieces of broken glass cut by butchers
    somewhere but how does that benefit anyone? 

    It goes back to the Wal Mart syndrome. Sure companies can sell junk
    for next to nothing by outsourcing and treating their employees
    badly. Sure those companies will make money. But who's making money?
    Do you see any profit sharing at Wal Mart? The owners of Wal Mart
    make plenty (and the stockholders) but what about everyone else? And
    if all those employees don't make enough to afford anything what good
    does it do you in the long run? I know that in my case, you would
    have to get way up into upper management level for anyone at Wal Mart
    to afford my goods. So how does it do me any good that we have a
    bunch of people who are earning less and less because of the lower
    prices offered by companies like Wal Mart? Or that will earn less
    because the market forces salaries down in other fields too. I want
    everyone to earn a LOT of money because then I have a much larger
    customer base to draw from. 

    There is a big difference between a healthy, expanding economy and a
    free market economy (especially one in which the entire economy is
    structured by the government to support only large businesses). 

Daniel R. Spirer, G.G.
Daniel R. Spirer Jewelers, LLC
1780 Massachusetts Ave.
Cambridge, MA 02140
daniel AT spirerjewelers.com
www.spirerjewelers.com
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