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Businesses can always raise prices to cover higher costs. If they can’t, they’re not viable in the first place. Individuals on the other hand can’t generally j
by kec 8y ago
Businesses can always raise prices to cover higher costs. If they can’t, they’re not viable in the first place.
Individuals on the other hand can’t generally just will more money into existence to cover higher housing costs.
- zeveb 8y ago> Businesses can always raise prices to cover higher costs. If they can’t, they’re not viable in the first place. Interesting that 'individuals can always ask for a raise to cover higher costs; if they can't, they're not viable in the first place' might be true, but it sure sounds heartless.
- Spivak 8y agoThat statement only sounds weird because getting a raise without changing jobs is becoming a rarity these days. "If no one will hire you at salary large enough to meet your expenses in $City then you can't afford to live in $City." My skills aren't valuable enough for me to live in say, Manhatten, but I don't think that's outrageous or anything.
- kec 8y agoThe difference (and why I don't think your statement is particularly true) is one of control. Businesses can and do continuously adjust pricing to reflect the market, workers cannot.