Tech Guru wroteSome shops have old stocks bought at the current official exchange rate of 1507.5 and selling it at black market dollars to LBP equvialence of 2400 - 2500 LBP. Pure Theft , Forgetting that the 90% of Lebanese are paid on LBP , lost 40-44% of their current purchasing power , some lost 50% of their salaries , and some got laid off.
I really didnt expected such level of ignorance even here.
I explained before why it is not theft. Its funny, how i write why it is stupid and silly to assume it is theft, and yet again same post.
Tech Guru wrote
More Laughable are people listing used items ( electronics or not electronics ) on Facebook & OLX , & saying only USD or current market rate. Pure Theft
Absolutely agree on this point.
Tech Guru wrote
All local shops pay their employees salaries at 1500 LBP or cut their employess salaries by half. Reason : People are not buying ?! Stop the elusive selling startegies and your profit margins will regain some momentum. Pure Theft
Better to drop items from Amazon now a days vs local maneuvers of shops "riding the wave" in this economic stagnation.
I am personally contacting
Customer Protection at the Ministry of Economic and State Security to report this theft.
You remind me "bolshevik" from 1917 in Russia, when the peasants and the poors killed everyone who was considered rich or simply prosperous, with agenda "split up and give away their wealth". Suddenly, after such a strategy, a terrible famine appeared and millions of poor people died.
I will be simple and probably rude - you do not understand anything in economics and business, you dont bother to read explanations in thread just few posts away, and yet you have the conscience to give "advices" how shops should run business.
Basic math, probably on level of preschool, if you are unable to scroll back a bit:
1)You bought 100 components for 1500LL each. Spent 150000LL.
2)You put profit 500LL per each and want to sell them 2000LL. Means 200000LL earned, 50000LL will go to salaries, etc.
3)Exchange rate changed, importers selling today new components at 2600LL each (because importers, lets say not getting profit, just pay $1 for them, so they CANNOT sell you 1500LL).
4)Shop listen to business guru Tech Guru and sold sticks same 1500LL. He paid salaries/etc 50000LL, now he have in hand 150000LL
5)
MATH TIME! And a time of miracles (for Tech Guru). How many memory sticks at 2600LL can he buy again with his 150000LL?