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Because many (most?) markets are buyer's markets. You try to increase prices, you are out of business which is eaten by competitors.
by thriftwy 9y ago
Because many (most?) markets are buyer's markets.
You try to increase prices, you are out of business which is eaten by competitors.
- sharemywin 9y agoif everyone's costs go up everyone will be forced to raise prices.
- skybrian 9y agoTo some extent, but labor generally isn't 100% of the cost, so it's still a win. If wages go up due to people having more and better choices in life, isn't that a win?
- thriftwy 9y agoWhy would their costs go up?
- sharemywin 9y agolabor costs go up because labor supply goes down.
- thriftwy 9y agoThis depends. In many locales, labor supply might go up as people come for cheap homes to live on UBI, and then look for auxiliary work.