Anna B Posted February 17, 2013 Share Posted February 17, 2013 A British designer says she can't afford to pay minimum wage to manufacture handbags in Britain, but she charges £2,000 per handbag! Do you think not providing British people with jobs when making this margin of profit is as bad as not paying tax? Link to comment Share on other sites More sharing options...
matsalleh Posted February 17, 2013 Share Posted February 17, 2013 How much profit is she making? Link to comment Share on other sites More sharing options...
I1L2T3 Posted February 17, 2013 Share Posted February 17, 2013 There's the economics of this that don't add up. The biggest problem is having the audacity to claim it. Maybe they should move their company to Greece and see how many £2000 handbags they can shift there. Link to comment Share on other sites More sharing options...
tinfoilhat Posted February 17, 2013 Share Posted February 17, 2013 A British designer says she can't afford to pay minimum wage to manufacture handbags in Britain, but she charges £2,000 per handbag! Do you think not providing British people with jobs when making this margin of profit is as bad as not paying tax? I don't know what her profits are, so can't really comment. It might be a lot less than we think. And two grand for a hand bag ?!?!? Cripes !!!!! Link to comment Share on other sites More sharing options...
gym_rat Posted February 17, 2013 Share Posted February 17, 2013 A British designer says she can't afford to pay minimum wage to manufacture handbags in Britain, but she charges £2,000 per handbag! Do you think not providing British people with jobs when making this margin of profit is as bad as not paying tax? I will ask too (just so you can`t say no-one did) what is her profit? nett please, not gross Link to comment Share on other sites More sharing options...
Penistone999 Posted February 17, 2013 Share Posted February 17, 2013 She is running a business ,and if she can source labour cheaper in another country ,then it makes financial sense to do so. You dont make a business successful by paying more than you have too for materials and labour. Its called keeping your overheads as low as possible to maximize profits. Link to comment Share on other sites More sharing options...
gym_rat Posted February 17, 2013 Share Posted February 17, 2013 She is running a business ,and if she can source labour cheaper in another country ,then it makes financial sense to do so. You dont make a business successful by paying more than you have too for materials and labour. Its called keepinh your overheads as low as possible to maximize profits. that`s not what the OP has said, lets not cloud the issue eh? Link to comment Share on other sites More sharing options...
Penistone999 Posted February 17, 2013 Share Posted February 17, 2013 Nothings clouded at all. The designer says they cant afford to pay the minimum wage in this country for labour, and i pointed out it makes sense to source labour in another country, probably somewhere in Aisa ,as labour costs are much lower ,hence maximizing profits. Link to comment Share on other sites More sharing options...
gym_rat Posted February 17, 2013 Share Posted February 17, 2013 Nothings clouded at all. The designer says they cant afford to pay the minimum wage in this country for labour, and i pointed out it makes sense to source labour in another country, probably somewhere in Aisa ,as labour costs are much lower ,hence maximizing profits. which is different to your earlier post, so as I said try not to cloud the issue and lets see what AmmaB come back with Link to comment Share on other sites More sharing options...
Shef_Fitness Posted February 17, 2013 Share Posted February 17, 2013 The price is dependant on what people will pay. If thats the going rate, the £2000 is fine. Perhaps his/her target audience won't buy a handbag unless it costs a certain amount? you can be too cheap Link to comment Share on other sites More sharing options...
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