GatorB |
06-28-2006 09:02 PM |
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Originally Posted by will76
Thats your area.
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Yes I believe I stated that many times.
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Some areas with a high cost of living will be affected much more. I think the point Jayeff was making was that mom and pops were making "STUPID money" up until a few years ago. I call it stupid money because it was so easy stupid people could make a lot of money doing it. Now with increased competition and more advertisers out there (big and small) to be successful you need to be very intelligent and savy at what you do.
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This is not new. Almost every new industy had an era of "stupid money". Then it matures and most of the competition drops out.
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mom and pop's typicaly do not have those resources or intelligence to evolve and keep making a lot of money. Therefore, when their checks drop a good bit of them will quit and go back to their professions, especially those who live in a high cost of living location where a couple hundred a month isn't even enough to pay the rent.
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Once again happens in every industy. Improvements in farming technology means less farmers were needed. Most had to give up and go work in a factory. How many mom & pop "5 & dime" stores have gone under because Wal-Mart, Fred's, Dollar Store etc moved into town?
Those that can survive will, those that can't will have to move on. Just the way it is.
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