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That is an interesting perspective that I admittedly did not think of. However why do the prices have to be inflated? Can't the company just accept lower profi
by rifung 8y ago
That is an interesting perspective that I admittedly did not think of.
However why do the prices have to be inflated? Can't the company just accept lower profits? That would be progressive since most of the profits currently go to the rich at least for public companies no?
- bhupy 8y agoIt would actually be a good thing for the prices to be inflated because that would mean that the market is competitive. In a competitive market, profit margins are typically very thin, so unless the increase in labor cost is passed onto the customer, the business will have to operate at a loss.