Gene explains the 'circle of jewelry life.'

In a sense, watch-battery replacement is a thriving business for Gene the Jeweler's store. He has an employee dedicated to the task, and she does about 50 jobs a day.

But he only charges $5 per replacement, and he pays the employee $12 an hour. He has to factor in the cost of the batteries, and the fact that occasionally, the employee breaks a watch and it has to be replaced.

All things considered, he couldn't be making much profit on the operation.

So why bother?


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Once again, the problems in Gene's fictional jewelry store reflect poorly on his management practices. He says the watch-battery situation is all part of the "circle of jewelry life."

But should it be?

Watch the video:

 

 
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