Shoe repair economics
A few months ago, in an empty lot that used to be a used car dealership here in Clarendon, some enterprising soul opened a shoe repair business. I was passing by today and I took a moment to reflect on what the repairman’s financial situation must be like. I’m sure he pays only a minimal rent, but I couldn’t imagine that he did much business. I mean, in this age of disposable consumer goods, how many people actually get their shoes repaired? It can’t possibly be cheaper to get a repair than to just buy a new pair of shoes. I thought about how lonely it must be for that guy, sitting alone in his little shack day after day waiting for people to come with shoes and money, but probably going home without even repairing one sole. “Maybe it’s a front for the mob,” I thought to myself. “Maybe I’ll plug his store on Metroblog, just because I feel bad for the guy.”
But then, miraculously, in the five minutes that I stood their pondering this guy’s fortunes, not one, but two cars pulled up and customers with armloads of shoes ran into the store. Shows what I know about entrepreneurship.






