Monday, July 11, 2005

Capitalism In Action: The Employee Discount

Ah, the wonder of capitalism! When one business offers a special deal for a certain product, competing businesses that offer the same product have to do the same thing, or risk losing customers. If one cell phone company offers free nights and weekends, they all have to. If one fast-food restaurant offers a low-carb salad, they all have to. It'd be a lot easier if one company had a monopoly on a product, but then it wouldn't be as fun, and they wouldn't have to offer special deals. That's part of capitalism.

GM decided to boost lagging auto sales by giving their employee discount to everyone, forcing Ford and Chevrolet to offer similar packages. This would be like McDonald's cutting all their prices in half. And it appears to be working---their sales are up.

But the question no one seems to be asking: If everyone gets the employee discount, what do the employees get?

Edmond the Hun

2 comments:

Anonymous said...

well edmund, i would say the gm employees get the express privilege of test driving c6 ZO6 vette's early and often. what more could they ask for!!!

Anonymous said...

maybe they just get mondo cash bonuses...bonusi..whatever. my english is sub-par from stupid jokes on CIY lol -Sanguine