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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: 0s | source
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bradfa ◴[13 Oct 24 16:37 UTC] No.41829386[source]▶
Some local skilled trade companies have been recently bought out. From feedback I’ve heard from customers, quality has declined. Lots of car dealerships locally have consolidated lately and their service quality has declined while prices have shot up.

While private equity may be making some local business owners rich, they’re ruining the customer experience.

replies(2): >>41829503 #>>41833012 #
infecto ◴[13 Oct 24 16:50 UTC] No.41829503[source]▶
Which opens up the door for the next generation.
replies(3): >>41829726 #>>41829911 #>>41832720 #
1. potato3732842 ◴[13 Oct 24 23:37 UTC] No.41832720[source]▶
Unless the megacorps everything consolidates into implement regulatory capture before that can happen.