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Model: 55 Gal. Tough Storage Tote in Black with Yellow Lid
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Gonna check them out in the morning. Do you know if they were half off or just a smaller percentage off? Need like half a dozen 27g bins.
Varied by size. The 55g they said list price was $55 and sale price $19.99. I don't remember paying $55 in past though. Most sizes were on sale and pretty substantial discounts versus the list prices they quoted.
Can someone explain to me how a piece of plastic can cost $40 msrp?
Quote
from TooManyMind
:
Economics and inflation.
Quote
from jacob.b.smith
:
Weird way to spell "greed"
A few things.
First, the actual resin (PE) is on the order of $0.50/lb. I can't find the weight @ HD but the Q&A lead me to believe the 55 gal would be on the order of 15 lb. That's nearly $8 just in raw material.
Then you have to have the operation to make these. These are made in gigantic injection molding presses. Of course they consume a lot of electricity and overhead in handling. Then they need to get to you.
I don't know where these are made specifically, but when everyone is demanding $15/hr just to exist, if your labor increases then guess what, your prices increase too.
So it's a multitude of things, and to top it off, supply and demand.
Got 3 in store (Westerly RI) they had a bunch clearly marked ~ $20.
These seem to be somewhat inferior to the Costco 27 gal ones despite being very similar in design, but Costco doesn't sell a 55 gal version. I wouldn't have grabbed these if they weren't on sale. These might be suitable for lightweight clothing or etc - I can't imagine filling them with anything appreciably heavy, I don't think the tote would survive and even if it did you wouldn't be able to lift it.
First, the actual resin (PE) is on the order of $0.50/lb. I can't find the weight @ HD but the Q&A lead me to believe the 55 gal would be on the order of 15 lb. That's nearly $8 just in raw material.
Then you have to have the operation to make these. These are made in gigantic injection molding presses. Of course they consume a lot of electricity and overhead in handling. Then they need to get to you.
I don't know where these are made specifically, but when everyone is demanding $15/hr just to exist, if your labor increases then guess what, your prices increase too.
So it's a multitude of things, and to top it off, supply and demand.
I doubt these are made in the US, but I didn't look so I could be wrong.
And $15 per hour 'just to exist' isn't asking for much
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I highly doubt that labor is that much of an issue, even if this was produced in Ohio. Even if someone makes $20 per hour and say they can stamp out 3 of these per minute then they are producing 180 per hour. That comes to 11 cents labor cost per unit for the guy manning the machine that makes these
Quote
from Dr. J
:
My point was, labor is a significant cost in manufacturing, and when that arbitrarily increases, that cost has to go somewhere.
I am 99% sure these are made at Centrex in Findlay OH.
I highly doubt that labor is that much of an issue, even if this was produced in Ohio. Even if someone makes $20 per hour and say they can stamp out 3 of these per minute then they are producing 180 per hour. That comes to 11 cents labor cost per unit for the guy manning the machine that makes these
"Guy manning the machine". What about up and downstream material handlers? Maintenance techs? Shipping/receiving? Facility workers? The list goes on and on.
I don't know what the cycle time is on these but the mold has to be gigantic, I doubt it's 20 seconds per tub.
You're trying to argue details and losing sight of the fact that costs have all around increased dramatically. And yes, labor is one of them - and far more than literally the person running any given machine.
"Guy manning the machine". What about up and downstream material handlers? Maintenance techs? Shipping/receiving? Facility workers? The list goes on and on.
I don't know what the cycle time is on these but the mold has to be gigantic, I doubt it's 20 seconds per tub.
You're trying to argue details and losing sight of the fact that costs have all around increased dramatically. And yes, labor is one of them - and far more than literally the person running any given machine.
"What about up and downstream material handlers? Maintenance techs? Shipping/receiving? Facility workers?"
That is the same with every product in existence that is ever made. I still don't think those costs justify the original MSRP on this product is all
Over the last 3 Presidents' terms, the US has printed ten of trillions of dollars. The inflated amount of currency in the system eventually HAS to lead to increases in prices on everything. Sure, companies are greedy for profits, but they are not the cause of inflation despite whatever the talking head on the news told you.
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A few things.
First, the actual resin (PE) is on the order of $0.50/lb. I can't find the weight @ HD but the Q&A lead me to believe the 55 gal would be on the order of 15 lb. That's nearly $8 just in raw material.
Then you have to have the operation to make these. These are made in gigantic injection molding presses. Of course they consume a lot of electricity and overhead in handling. Then they need to get to you.
I don't know where these are made specifically, but when everyone is demanding $15/hr just to exist, if your labor increases then guess what, your prices increase too.
So it's a multitude of things, and to top it off, supply and demand.
These seem to be somewhat inferior to the Costco 27 gal ones despite being very similar in design, but Costco doesn't sell a 55 gal version. I wouldn't have grabbed these if they weren't on sale. These might be suitable for lightweight clothing or etc - I can't imagine filling them with anything appreciably heavy, I don't think the tote would survive and even if it did you wouldn't be able to lift it.
First, the actual resin (PE) is on the order of $0.50/lb. I can't find the weight @ HD but the Q&A lead me to believe the 55 gal would be on the order of 15 lb. That's nearly $8 just in raw material.
Then you have to have the operation to make these. These are made in gigantic injection molding presses. Of course they consume a lot of electricity and overhead in handling. Then they need to get to you.
I don't know where these are made specifically, but when everyone is demanding $15/hr just to exist, if your labor increases then guess what, your prices increase too.
So it's a multitude of things, and to top it off, supply and demand.
And $15 per hour 'just to exist' isn't asking for much
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And $15 per hour 'just to exist' isn't asking for much
I am 99% sure these are made at Centrex in Findlay OH.
https://www.centrexplas
I am 99% sure these are made at Centrex in Findlay OH.
https://www.centrexplas
I am 99% sure these are made at Centrex in Findlay OH.
https://www.centrexplas
I am 99% sure these are made at Centrex in Findlay OH.
https://www.centrexplas
I don't know what the cycle time is on these but the mold has to be gigantic, I doubt it's 20 seconds per tub.
You're trying to argue details and losing sight of the fact that costs have all around increased dramatically. And yes, labor is one of them - and far more than literally the person running any given machine.
I don't know what the cycle time is on these but the mold has to be gigantic, I doubt it's 20 seconds per tub.
You're trying to argue details and losing sight of the fact that costs have all around increased dramatically. And yes, labor is one of them - and far more than literally the person running any given machine.
That is the same with every product in existence that is ever made. I still don't think those costs justify the original MSRP on this product is all
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