If no one worked for $7/hr they would have to raise the rate, but enough people go there and accept the $7/hr.
Executive pay is based of the value of what shareholders and the board think they are worth. If the executive is crappy, they just toss him out.
And yes, I can see Sprint/Nextel just dissolving away.
CompUSA failed because it overcharged for products compared to BestBuy and Circuit City and other large retail outlets. On top of that, online retails sell event cheaper. I used to like CompUSA for to visually see products and inspect them, then I go home and by it online for cheaper. I'm just as much to blame for the layoffs too.
Circuit City did the same thing as CompUSA and they are surviving.
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If no one worked for $7/hr they would have to raise the rate, but enough people go there and accept the $7/hr.
Executive pay is based of the value of what shareholders and the board think they are worth. If the executive is crappy, they just toss him out.
And yes, I can see Sprint/Nextel just dissolving away.
CompUSA failed because it overcharged for products compared to BestBuy and Circuit City and other large retail outlets. On top of that, online retails sell event cheaper. I used to like CompUSA for to visually see products and inspect them, then I go home and by it online for cheaper. I'm just as much to blame for the layoffs too.
Circuit City did the same thing as CompUSA and they are surviving.