Nothing embodies the attitude of capital to me more than what’s happening at Vail

There is no longer a sense that money is earned by providing value. It’s financial engineering and how can I degrade quality while charging the same price. 

Capital will squeeze both customers and labor as hard as they can. In this case, because the customers are rich, it’s turning into a whole thing now

What is going on at $MTN?  On the surface, this isn’t like a strike by millennial baristas.  These are highly skilled professionals who are extremely able skiers, trained in life saving emergency skills in difficult terrain and responsible for maintaining safe conditions and…

@DanielSLoeb1 Patrollers have a core of highly skilled career professional that lead them, and then there are many junior patrollers who are down fill who cycle in an out. Survival rates at mountains reflect this and are not shared publicly. The difference between getting someone critically…

NewtBurp

Nothing embodies the attitude of capital to me more than what’s happening at Vail

There is no longer a sense that money is earned by providing value. It’s financial engineering and how can I degrade quality while charging the same price. 

Capital will squeeze both customers and labor as hard as they can. In this case, because the customers are rich, it’s turning into a whole thing now 

https://x.com/NewtBurp/status/1875708739262804453

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

Couldn’t agree more. And more so as this squeeze works its way up in the skills ladder. Obvious example is PE with physician groups. But also home services like HVAC and plumbing are seeing the same impact. 

There is opportunity for independent high quality services. But it’s tough. Not sure the end game.

Physician always trying to learn, passionate about healthspan and precision medicine.

cellspan.replit.app

Basically it feels like a cycle wherein capital squeezes too hard, there’s revolt, and they ease up the hand slightly. There is no incentive for anything else since extraction is far more profitable….