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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. Interesting that 'individuals can always ask
by 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.