r/FluentInFinance 5d ago

$14,000,000,000? Discussion/ Debate

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171

u/tw_693 5d ago

Retail was ensh*ttified decades ago when retail chains got rid of knowledgeable workers for cheaper and more expendable minimum wage workers. 

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u/707-320B 5d ago

This is why I go to my local Ace hardware for as many things as I can. It’s been owned for generations by the same family, and they actually treat their employees well, which means they’re actually knowledgeable and care.

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u/DrStrangerlover 5d ago

I’m not a handy guy but I love Ace because I’m a social worker and they are fantastic about hiring and accommodating disabled people which is extremely useful for me because my entire job is ensuring disabled people have the resources they need to be as independent as possible. Ace has always been the best employer I’ve worked with.

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u/Ottomann_87 5d ago

You are a good person.

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u/HandThing420 5d ago

So you're telling me Ace really is the place with helpful hardware folks? I'll be damned..

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u/Dr-McLuvin 5d ago

I thought that was just a dumb jingle.

Gonna go to Ace from now on lol. Don’t care if it costs more I need customer service.

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u/HUGErocks 5d ago

The advertisements actual tell the truth?

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u/Coraiah 4d ago

Yes. I love the Ace near me. They’re incredibly helpful and pleasant

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u/brockli-rob 4d ago

I like them too but I always feel like they think I’m up to something bc of my appearance :/ I guess it might happen at big box stores too but I don’t notice as much lol.

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u/ThisThroat951 5d ago

We had a family owned hardware store in our town. It had been there for almost 60 years. But the son chose not to keep going with it and couldn’t find a buyer and it closed down.

That place was great. Solid advice, they could answer anything you asked and helped you find the stuff you needed. Even remembered you and asked how it went when they saw you again.

Rare to find places like that anymore.

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u/Tacoman404 5d ago

Ace Hardware also offers way better paint. They have tiers just like anywhere else but overall it's mostly all higher grade than big box hardware store paint options. Fuck Home Depot paint. Great if you want to save like $20/can and paint the whole fucking room again in less than a year.

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u/scarletfern08 4d ago

My old neighborhood Ace's owner, who is the father of one of my old friends, put up a huge stink years ago about the minimum wage going up to $10.10, saying in the local paper how he can't afford to keep a full staff at that wage and would have to let people go. He also used to sexually harass my friend in his employ, who was also underage at the time. Yuck.

The Ace in my new town seems well run, though.

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u/HomeAir 5d ago

Yup

I gladly pay more at my local Ace Hardware because it's all retired tradesmen working there.

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u/emurange205 5d ago

Retail was ensh*ttified decades ago when retail chains got rid of knowledgeable workers

When did retail chains have knowledgeable workers?

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u/tw_693 5d ago

Before the 80s, at least. 

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u/skeeferd 5d ago

You can swear on Reddit, we promise not to tell your parents.

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u/scheav 4d ago

Before youtube and freely available helpful books, knowledgeable employees did provide value. Today they don't. Why do we need thousands of employees spread out at each store to provide this information when we can all watch the same video and know what to purchase?

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u/SaintAnton 5d ago

Yeah but we got computers in our pockets now. Like i said im tryina goto a store and pay store prices.

I dont need consultation, i dont need pretty decorations or ambiance, i dont need smiley staff trying to start friendly conversation with me, none of it. And i most certainly dont want to pay for any of that

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u/Mushrooming247 5d ago

That is not the question though.

You are paying more than their cost for products already, the question is whether you want all of that excess profit to go to a handful of executives, or for some to go to the people working in the store.

You can personally decline to support competent employees, but nothing is going to get cheaper, we are all just paying more and accepting worse customer service at the store while a handful of their top shareholders get richer.

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u/pibbleberrier 5d ago

The alternative IS more expensive and Lowe/Home Depot model is already the cheapest material available for the regular consumer. Go to any small town where lowe/hd isn’t available. Everything cost a lot more. And none of these smaller store would survive should Lowe/hd decide to move in.

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u/MaximumChongus 5d ago

no shit youre paying more than their cost. thats the entire operating model of ever store ever. lol.

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u/CalmButArgumentative 5d ago edited 5d ago

I greatly enjoy how you so expertly dodged every actual point the other commenter made, to instead focus on agreeing with him in a really stupid way.

Basically, what he said was

"The sky is blue..." then he went on to make a good point about the atmosphere, and you went:

"nO ShIt ThE sKy Is BlUe! Do you think it's not blue or something? Idiot!"

It's amazing how you can say something so dumb with the confidence of somebody much more competent.

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u/InDisregard 5d ago

absolutely scathing! 😂👏

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u/SaintAnton 5d ago

Erroneous. If they pay more for xyz to sell, they will absolutely pass the cost on to the consumer.

Nothing will get cheaper, but i dont want things getting more expensive, for things like customer service, which i do not value at all.

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u/Nax5 5d ago

At that point, you don't really even need the worker then. Just check your pocket computer for aisle information

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u/lifevicarious 5d ago

I already do. And I have zero problem with that.

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u/Ownd494 5d ago

Well would you prefer the money going towards buybacks or making them illegal and the money going to attract better workers?

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u/lifevicarious 5d ago

Why do I need better workers at Lowe’s?

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u/Ownd494 5d ago

Why do you need a company to buy back its stock?

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u/1109278008 5d ago

I don’t need better workers at Lowe’s. Democratized access to information via the internet makes “better” workers less valuable. And when you employ a replaceable workforce it makes the goods there cheaper.

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u/Ownd494 5d ago

If there was no buyback wouldn't that make the goods cheaper too? After all, it's an expense.

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u/MaximumChongus 5d ago

homedepots website will tell you the isle and bay number for anything in store btw.

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u/Ill-Fox-3276 5d ago

How so? The computer in your pocket will tell you where to find the item you’re looking for.

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u/SaintAnton 5d ago

How so what?

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u/cb_1979 5d ago

Well, it seems you're too fucking stupid to figure out that little computer in your pocket will tell you exactly which aisle and bay a particular product is located in a particular store. So, maybe you do need consultation.

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u/SuccotashConfident97 5d ago

Why are you so emotional over an internet stranger?

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u/SuccotashConfident97 5d ago

Why are you so emotional over an internet stranger?

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u/SaintAnton 5d ago

Why you so angry little boy? Your life suck that much that you calling random strangers stupid? You have my pity.

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u/FILTHBOT4000 5d ago edited 5d ago

I mean... I don't know how you haven't figured out that paying the dividends to employees instead of shareholders doesn't increase the price you pay by one cent, or that you're already paying for the workers to be there at your whim to help you out.

You also seem to lack the perspicacity to think up any scenario where you might want somewhat knowledgeable/professional help from a hardware store, say about plumbing/light electrical/etc, that you could get for the same price if they were paying/retaining more knowledgable employees with those dividends, costing you nothing more. Instead you'll get to pay extra to a professional for a small amount of help or spend hours of your own time trying to figure it out, with Google getting shittier and shittier.

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u/SaintAnton 5d ago

Disagreeing with me is fine. Namecalling a stranger because you disagree with them is childish.

As a shareholder, they stop paying my dividends, why would I let them borrow my money?

As a customer, I only expect the employees to facilitate the sale. If i want information, ill goto someone that does that kind of work full time, not someone that does retail work full time

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u/cb_1979 5d ago

Angry little boy? LMAO! This is what sounds like the rantings of angry little boy:

I dont need consultation, i dont need pretty decorations or ambiance, i dont need smiley staff trying to start friendly conversation with me, none of it. And i most certainly dont want to pay for any of that

Again, if you're too fucking stupid to know how to use their website, you probably aren't going to able to figure out on your own what screws to use to use hang drywall.

I'm also guessing you'll be one of the biggest douchebags calling for the manager if you do happen to need to ask a question because you can't get the answer on your little computer in your pocket and there's no one able to provide "consultation." LOL!