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Why do people spend $250 dollars on products, made in China? lol No offense to the Chinese. hahahahah
After their surprise release, the Nike Air Yeezy II Red Octobers recently became the most sought after sneakers in the world. The monochromatic kicks practically didn’t have a chance after selling out within minutes of being posted on Nike’s website. But sneakerheads didn’t miss a beat, quickly taking their talents straight to the gods of product flipping: eBay.
It was on eBay where the jaw-dropping price was put on the “Bound 2″ rapper’s heaven-sent sneakers. A UK purveyor posted his Red Octobers for a whopping $10 million Euros, convert that to US dollars and you got yourself $16 million.
But if $16 million is a little too rich for your blood, Instagram may tickle your fancy. The sneaker has been posted for prices ranging from $1,200 to $3,000, still a pretty good come up for the sellers, considering the original retail price was $250.
Instead of manufacturing sneakers, they need to find a way to manufacture some jobs. It's a slow boil, people. The frogs don't even realize, they're slowly cooking to death.
*JC Penney, which lost $586 million in three months in 2013, is planning to close 33 stores in 19 states and lay off 2,000 people. JC Penney’s stock has lost 84 percent of its value since February 2012.
*Sears has decided to shut down its flagship store in Downtown Chicago, and it has closed 300 stores in the United States since 2010. Stock analyst Brian Sozzi noted that Sear’s inventory levels have fallen by 23.7 percent since 2006. He also noted that Sears had $4.4 billion in cash and equivalents in 2005 but $609 million in cash and equivalents in 2012. Sozzi, who calls himself a guerrilla analyst, has a blog full of disturbing pictures of empty Sears stores.
*Macy’s, one of the few retail success stories, is planning to close five stores and eliminate 2,500 jobs.
*Radio Shack is preparing to close 500 stores, according to The Wall Street Journal.
*Best Buy recently closed 50 stores and eliminated 950 jobs at stores in Canada.
*Target announced plans to eliminate 475 jobs and not fill 700 empty positions to reduce costs.
*Aeropostale is planning to close 175 stores.
*Blockbuster has closed down all of its stores.
Why do people spend $250 dollars on products, made in China?
reply to post by WonderBoi
... and you can't export service jobs then make money at it for a country/colony.
... The only solution is to go nationalistic, close the borders ... and rebuild the manufacturing base so that we can all have equitable export trade...
Then everyone wins ...