Maybe it only looks inefficient because we're comparing against a fantasy econom... | Hacker News

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		randallsquared on Sept 18, 2021 \| parent \| context \| favorite \| on: Why the American shoe disappeared and is hard to b... Maybe it only looks inefficient because we're comparing against a fantasy economy where nothing bad happens and no losses have to be recouped. :)

lotsofpulp on Sept 19, 2021 [–]

Just like the fantasy that these companies that outsource are earning giant profits, when a look at their 10-Ks shows pretty average profit margins for a business that wants to stay in business.

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