they are domestic terrorists if you ask me... because for the majority of people effected by them, its terrorifying. the way they operate is not in our countries/market best interest, but only the interests of a top few, who frankly include real global terrorists as members of the fund. The US should start to investigate PE, PE is crushing the economy under its own weight of consolidation and it hurts every day people.
Now that small business owners are watching/listening constantly to small business gurus and hustle gurus, those businesses are screwing customers in ways I didnt see 20 years ago.
I keep in contact with many small business owners in construction and repair, and almost everyone now thinks that its better to get less work and just charge more. Sure they could pour 3 driveways a week and make $2k profit per driveway, but honestly they prefer to do and make $6k profit on 1 driveway a week and call it a day. I see this constantly in small low employee count construction companies.
If like many I see, they may also spend the spare time creating TikTok and Instagram videos how $12k is the absolute minimum a drive should cost
There must be sufficient amount of wealthy people needing jobs done who won't question quotes that the rest of us are just screwed and have to resort to DIY
I don’t see what MBAs have to do with that, it’s a tale as old as time: given the choice to have the same pay and more leisure time, most people will take more leisure time. The exceptions are probably mostly people doing intellectual labor, not physical labor like pouring driveways.
Its PE, nothing else to say and its Thoma Bravo most of all.