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America's new millionaire class: Plumbers and HVAC entrepreneurs

(www.wsj.com)
185 points hhs | 1 comments | 13 Oct 24 15:35 UTC | HN request time: 0.27s | source
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robsh ◴[13 Oct 24 16:40 UTC] No.41829425[source]▶
Millionaire class? The article describes a small business owner who wants to retire. Meanwhile, the private equity firms are going to monopolize the market and raise prices. Sadly, none of the 20 or 30 year olds who are actually doing the work will be able to buy out their owners business.

Any young tradespeople: form a coop and buy your bosses business. Better to be a 10% owner than 0%.

replies(3): >>41829565 #>>41829731 #>>41829994 #
1. blackeyeblitzar ◴[13 Oct 24 17:19 UTC] No.41829731[source]▶
What we need are new antitrust laws, not only to breakup or tax megacorps, but also to breakup consolidation of control from investment firms (private equity but also others). Without this, there is no real fair playing field for competition.