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 Replies: 49 / Views: 4,372 |
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Valued Member
United States
186 Posts |
what percentage of Crane & Co. output of currency is 1 dollar bills ?
i bet a good portion of employees would be let go if one dollar bills would
no longer exist plus the use of debit/credit cards doesn't help Cranes output either
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Bedrock of the Community
 United States
12840 Posts |
Their main production would then be $2 bills (assuming no $2 coins).
Yes, some folks might have to be let go but that's business I suppose.
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Bedrock of the Community
United States
17884 Posts |
Quote:
Biggest legitimate gripe I've heard is the cost of retrofitting vending machines And that isn't a very legitimate gripe either since every machine made for the last 33 years already has a coin mechanism in it that can handle dollar coins. In most cases the "retrofitting" is simply flipping a switch. Quote:
i bet a good portion of employees would be let go if one dollar bills would
no longer exist Actually most of them would be retained because the production of two dollar notes would greatly increase. job loss would probably be rather minor. |
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Bedrock of the Community
United States
20753 Posts |
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Here! Here! I agree. Biggest legitimate gripe I've heard is the cost of retrofitting vending machines. But who cares? Suck it up and pass it onto the consumer. It always happens that way. I Possibly true for many. However, if you were one of the little people with a small vending machine company, such changes could drive you out of buisness. But as you sort of said, who cares. Not your problem. I have such a friend with such a company. Will you pay for his family's expenses? Not likely. So who cares, right? Quote:
And that isn't a very legitimate gripe either since every machine made for the last 33 years already has a coin mechanism in it that can handle dollar coins. In most cases the "retrofitting" is simply flipping a switch.
Inteeresting. Especially since somene I know has a vending machine company and what you just said he sort os laughs at. NONE of his machines are like that. NO such switch. |
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Pillar of the Community
United States
1796 Posts |
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Inteeresting. Especially since somene I know has a vending machine company and what you just said he sort os laughs at. NONE of his machines are like that. NO such switch. That's also kinda interesting, as a few of my friends who work in the vending machine industry here say that it's easier than a switch. They calibrate their machines simply by feeding a new coin or token (for arcades,etc.) into the slot and specifying its credit. The computer automatically scans its weight and electromagnetic fingerprint and all that and keeps track of it internally. Total time required involves opening the machine (but they do that anyways to refill them and drain the cash) and poking a button or two. This makes me think your friend must be using *ancient* machines. If that's the case, it's *more* than time to upgrade... or the business consequences are his own fault. :-) Edited by SteveCaruso
02/02/2013 12:56 pm
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Pillar of the Community
United States
1796 Posts |
Quote:
what percentage of Crane & Co. output of currency is 1 dollar bills ?
i bet a good portion of employees would be let go if one dollar bills would
no longer exist plus the use of debit/credit cards doesn't help Cranes output either Crane & Co. employs 1,300 people. They don't make $1 bills, remember, they simply make the paper which is mostly automated. Very few employees are involved with that and the drop in production I doubt will cause additional layoffs. Shipping contractor contracts might shrink a bit (less volume shipped), but that's about it as far as I can predict. |
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Bedrock of the Community
United States
12840 Posts |
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They [Crane] don't make $1 bills, remember, they simply make the paper which is mostly automated. Good point. But if demand for their product were to diminish, folks could be let go. Just like ANY other business out there. I'm sure plenty of us have been let go from jobs due to downsizing for one reason or another and Crane may be buffered but isn't immune to that. I don't want to see folks let go but it's a poor argument to keep the dollar bill. Quote:
But as you sort of said, who cares. Not your problem. I have such a friend with such a company. Will you pay for his family's expenses? Not likely. So who cares, right? @justcarl - You make me sound like a heartless bureaucrat. I don't want to see anyone go out of business, but the truth is adapt to the times or your business is history. Doesn't matter if you're big or Mom & Pop (ok, if you're "too big to fail" the government might step in). This is a theoretical discussion anyway. I doubt that any vending machines will require changes any time soon. |
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Bedrock of the Community
13014 Posts |
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Crane & Co. employs 1,300 people. They don't make $1 bills, remember, they simply make the paper which is mostly automated. Very few employees are involved with that and the drop in production I doubt will cause additional layoffs. Good point but the Crane and Co would definitely lose employees. The people who make the bills would be fine maybe an engraver or two gets let go but not massive layoffs. 1 Dollar bills are probably the most replaced though and produced in massive quantities. The demand for the paper would certainly drop by a significant amount unless 2 dollar bills start circulating again which kind of defeats the purpose of the money saved with the 1 dollar coin. Im not saying that some employees arent a reason to make the switch, heck itd save the government money to make the switch and just pay the laid off employees, but it is something to consider. |
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Pillar of the Community
 United States
4870 Posts |
The switch to a dollar coin is something the people shouldn't have a say in. The government should just do it if it saves money. Why people are against saving money is beyond my comphrehension. It's a step in the right direction.
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Pillar of the Community
United States
1796 Posts |
People complain about our government wasting money, and yet complain when our government wants to save money...
People just complain. :-)
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Pillar of the Community
United States
802 Posts |
Steve, our government never wants to "save money." It's all about the special interest groups, it's how they label it to fool the rest of us.
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Moderator
 United States
188913 Posts |
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This makes me think your friend must be using *ancient* machines. If that's the case, it's *more* than time to upgrade... or the business consequences are his own fault. :-) I agree. I am surprised that someone with equipment that old is even still in business. I wonder how much revenue they have lost because a machine was not working properly. |
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Valued Member
United States
449 Posts |
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There isn't a day that goes by where I don't receive a 1964 nickel in change I HATE the 64 nickel, but I HATE the 65 quarter even more   Im on board with the switch to Dollar Coins, some jobs would have to be sacrificed yes, but its whats best for our country right? not whats best for my buddy... |
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Valued Member
United States
339 Posts |
you know how heavy our pockets would be?
*Mod note: Please keep it rated G*
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Moderator
United States
188913 Posts |
If you are carrying more than four one dollar coins in your pocket, then you are doing it wrong. If you regularly use the two dollar note, then there is never a need for more than a single one dollar coin in your pocket.  |
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Replies: 49 / Views: 4,372 |
First Page
Posted 02/02/2013 09:33 am
