Here Come the Layoffs | I Allegedly

➡ Dan from I Allegedly, the speaker, is worried about the future of businesses like Dollar Tree due to increasing labor costs. He mentions that many people are demanding a $20 per hour minimum wage, which could lead to layoffs and store closures as businesses struggle to cover these costs. He also notes that the prices and quantity of items in Dollar Tree have changed, with fewer items for a dollar and more expensive items appearing. Lastly, he mentions a sponsor, Chuck Norris, and his health product, before discussing the time it takes to charge electric vehicles and questioning if it’s worth it.

Hey, it’s Dan. Welcome back. This is I allegedly, and I’ve got a good one for you today because we are going to see that the layoffs are about to start right now. Here they come. Okay. As a result of all this. So I am in a dollar tree right now, and it shouldn’t be called the dollar tree because it’s a dollar 25 tree. But I’m in hunt for the seven dollar items that they’ve talked about.

Now, please don’t forget to hit the like button. Please don’t forget to subscribe to the channel. And today we have a sponsor, Chuck Norris and I will talk about him a little later. But so many people have written me about the dollar 20 an hour minimum wage for fast food restaurants. When I mentioned Gavin Newsom’s restaurants, a couple of his buddies wrote me and says, this doesn’t apply to restaurants.

It does. It applies to the dollar tree, too. Everybody wants it. Everybody’s telling me they’re going to get it. I have had, I think, nine people now walk up to me, happen at a baseball game last night. Somebody walked up and said, listen, we’re getting the $20 an hour. It’s going to happen and everybody wants it. The problem with it is for profitability, for a restaurant, for any store, any business, any retailer, any hair salon, anybody.

You’ve got to be able to, you know, cover your labor costs. And the problem is these people cannot do it right now. It’s too difficult right now. Okay, so you’re going to see more and more businesses go out of business. You’re going to see more and more problems with stores like this. You know, this store serves a great community. I mean, I’ve shopped at the dollar stores forever.

And I was talking to my son and he says, oh, my buddies are just destroyed over this because he’s got friends in college around the country that rely on the 99 cent stores and the different dollar stores for everything. You know, soap, shampoo, toothbrushes, you know, hairbrushes. Everything, dad, everything. And now we can’t get it. So this store is not stocked that much. There’s only a few people working in the store right now, which is the problem, guys.

You can’t afford to pay people more money. And then there’s people that says, I’m not gonna work for $16 an hour. Won’t do it anymore. Have a nice day. So everything’s cheapest thing. Saw some, you know, birthday cards and things like that for a buck. But everything else is now, you know, $1. 25 we talked about that extensively. But the problem with it is the amount of merchandise, like the cups, you don’t get twelve cups now.

You get eight for a dollar 25. And what you’re seeing is, you know, the tools and the glues and the stuff like that. This was all, you know, a real great place to buy this stuff at, at one point. And now, you know, all the empty shelves. This is going to be a problem, guys, but. Okay, here we go. Okay. The elusive, you know, there’s some three dollar items.

Got shampoo and higher end stuff. And there were candles in front of the store at $5. So this is going to be a problem, guys. It’s going to start here and spread to your state next, you mark my words. Because, you know, this is a big dollar tree, too. It’s also one of the larger ones. That’s why I drove over here to see this. So let me know if you think this is going to be a problem because I do.

I think that we haven’t seen anything yet as far as the dollar tree, you know, dollar shenanigans. Seven dollar tree. There’s no dollar seven items in this store that I can find. Okay. Missing something if there is, so. But there’s five dollar items, so let’s go find those for you. But let me know what you guys think about this. The layoffs are going to start, going to be big time.

You’re going to see real problems with this and it’s going to happen and affect everybody. And you can sit there and say it’s not that big of a deal. It is because everything’s going to be affected. The fact that you don’t have merchandise on the walls is a big deal. It’s an inventory problem. It’s a labor problem because you don’t think that they have merchandise to put up here to sell.

You’re kidding yourself. Place is just a barren joke right now because they don’t have the labor right now and people don’t want to work for less than $20 an hour. So let me know, guys. Let me know. You’re gonna see this just spread and get worse and worse and worse. Okay, so let me know. I’ve got something else to show you in the center as well. Okay, so I found the three and five dollar items in the store.

You’ve got candles behind me and the electronics are $5. Headphones, things like that. You’ve got the charging cables are now $5. They used to be a dollar. Okay, but again, guys, where does it start? Where does it end? Here, I asked one of the employees, do you have any seven dollar items? We don’t have those yet, sir, but we have the five dollar items and she showed me that.

So that’s a big deal, guys. A big deal in price. It’s going to be a big deal in moving forward. People can’t afford this and these stores are going, are all in jeopardy of closing with the labor problem. So let me know if I’m wrong, share your thoughts on this. But three and five dollar items, guys. There you go. Okay. Let me know what you think about this.

Let’s talk about our sponsor morning kick with Chuck Norris. Let’s face it, Chuck Norris is in his mid eighties right now and is in fantastic shape. He has spent decades in the entertainment industry. And one thing that Chuck Norris did was he found three things that completely changed his health and his workout, his stamina, his energy level, his gut health, everything. If you go to the video below, there’s a link.

Chuckdefense. com Dan, you can watch the video and check it out today. But, you know, this has made a huge difference in his life and how we can work out and giving him, you know, extra energy, you know, no joint pain. Check it out today. But go look at the video today. It is. Chuckdefense. com dan. And again, it’s made a huge difference in his life. His wife says it’s made her feel ten years younger.

And you need to check it out today. Okay. Checkdefense. com dan. The best place to find it is the link below. I am in Fountain Valley, California now, and this is a big shopping center. It’s got a Costco, a Ross. It’s got the Petsmart here. It’s got the dollar tree I was just in. But it’s got a charging station, Tesla charging station. When I pulled up, the thing was full.

And now there’s, you know, well over a dozen cars here. But the thing that I don’t get is the time, you know, to do this, to charge these electric vehicles. Guys, you know, what do you do in the middle of the day that you can do this? What’s your time worth? You know, I think about Mark Cuban. Mark Cuban rejected shark tank deals. Wow, you have a great company.

You have a great concept. I really like you. I just don’t have the time to add this deal to my arsenal. And that always weighed on me because, you know, that’s a big problem that I have is what can I do? What deals can I take, what clients can I take? And it’s a real problem. But when you sit there and you see people parked in their car for an hour to charge their cars, what’s this worth? What is your time worth? Are these electric vehicles worth it? And I should have timed it, but it was about six minutes.

Getting gas today for the work car. But what’s your time worth? You know, as another car pulls up block, this guy is going to go straight in. Okay, but that’s the thing that I don’t understand with these electric vehicles is the time. So, you know, I have a relative who I had dinner with the other night and just said, listen, we made the decision. We’re not getting the Rivian truck.

We’re getting the deposit back, and we’re not doing it. And I’m like, why? He said, well, he’s got two kids that live out of state. He said, there are stretches for hundreds of miles that I would worry that I would run out of a charge. And I don’t want that stress and his wife doesn’t want that stress on her. So what do you do? Don’t travel in the car.

Oh, there’s always charging stations. There’s not. Okay. From California to certain areas, there’s hundreds of miles of distance. And then when I start showing in the videos of people like that and stuff like this during the day. Okay, what’s your time worth, guys? What is your time worth now with the dollar stores, people are starting to revolt and not shop there. And they are sharing different Facebook groups and different things to get discounts, which we’re going to have set up the next 60 days also.

But, you know, that’s, that’s a great thing, guys. If you want to, you know, help the community, you want to promote your business, promote your service, start a Facebook group, guys, they’re free. And you can, you know, be citizens against the, you know, $7 store. And if you do that, I mean, you can be the controller of that and promote your business as the leader of this group, your favorite sports team, whatever social cause you want.

You can do that with Facebook for free. Okay? Now, Blackstone. Blackstone just made a $10 billion purchase by buying something called air Communities, which is 76 apartment buildings. Now, people are, you know, Dan, see, they’re gonna own everything. Well, yeah, they’re getting into real estate and they’re getting these at deals. You know, they’re not, these guys are not paying top dollar for everything. They’re getting themselves the absolute steal of the year.

But you’ve got la, you’ve got Denver, you’ve got Florida, some of the properties and these real estate reits and these apartment communities that they have, you’re going to see more and more of this. Now, 44% of our economy is ran by small businesses. Small businesses run the world. From everybody from the guy that does your lawn to the small business sandwich shop, the nail salon, the hardware store, everybody that we go to, 44% of the global economy is ran by small businesses, especially here in the United States.

Now business sentiment is at the lowest rate that it has been in eleven years. This is when you interview somebody and you say, hey, Dan, how do you feel about things? Well, I don’t feel good about it right now. I think that this is an absolute disaster and I think that we are headed in the wrong direction. And this is the worst that it’s been in eleven years now.

People don’t feel good about insurance costs. People don’t feel good about employee costs. People don’t feel good about inventory. And think about this. The biggest problem with small businesses, the number one concern right now is inflation. Now it changes. Two years ago it was supply chain issues. Do you have a supply chain issue? Can’t get the product. How do we get it? How do we sell it? It was, that was it right now.

Now it’s switched over to inflation. But it’s inflation of not just inventory and the product, it’s inflation of everything from paying people more to insurance, everything. And another great article I found talked about how, you know, people are complaining about insurance prices, but if it was gauged to inflation, it would be much, much higher right now. Really? Yeah. So we haven’t seen anything yet, guys. We haven’t seen anything yet.

These communities, like, let’s just use Florida, for example. Florida’s going to have such a problem come 2025 when all these condos have to be compliant with the safety codes. And once that’s done, you’re going to see more and more people have to unload these places for free. Now that’s the beginning of it. We’re going to see a lot of problems with that. And, you know, just the beginning of it, guys.

So let me know what you think so far. Just a quick video for you this morning. Couple things. Do you guys remember certain store chains that come and go? Remember pick and save? Remember that one? Then it was bought by big lots and then big lots basically went down for the count. You know, here in Southern California at least, I don’t know if there’s any big lots even open around the country right now.

Well, Mark Miller is the CEO and he’s trying to save some of the southern California 99 cent stores. We’ll see if he pulls that off or not. And, you know, whatever. Okay. I just think that certain communities in the lower end, communities, he wants to have them be a treasure hunt, is what he says. So we’ll see. If he pulls it off. The stores would close, bankruptcy would be completed.

Then he would take over some of the locations to make it treasure hunts. Okay, we’ll see. Do you care what Warren Buffet invests in? I found this completely fascinating. I cannot wait to talk to Bob Kudla about this next time I see him. And that is Warren Buffett has 41%, 41% in one stock, $369 billion portfolio. $369 billion. And 41% is an Apple stock. AAPL Apple stock. Now, to his credit, it’s gone up over 569% since he started buying it.

But again, isn’t that crazy? And the final, final story, which I got a kick out of, was there was a group of people that were trying to put machine parts through customs in Taiwan. Excuse me, Hong Kong. And they got caught. Uh oh. What were they doing? Well, in the machine parts were gold, and they were, you know, gold that was in different shapes. And they caught them.

It was $10 million of the gold. They were trying to sneak into Hong Kong and got caught. Okay, so everybody wants gold, guys. Get yours today. Please don’t forget to hit the like button. Please don’t forget to subscribe to the channel. Once again, a real quick video today. But the 99 cent store thing and the layoffs, I’m telling you, every single person that I talk to, that I consult for, my friends, family members, everybody is telling me the same thing.

Labor costs are out of control. And I don’t care. Listen, I don’t care what high end restaurant you work at. People are like, well, we should get $20 an hour, too. So it’s gonna happen, guys. Mark my words. You want to get a hold of me? Hellogedly. com. Like, subscribe. Give me your comments, guys, good and bad. Okay, did you guys melt because of the eclipse? No, I didn’t either.

Okay. I kind of did. Anyways, talk to you guys soon. .

See more of I Allegedly on their Public Channel and the MPN I Allegedly channel.