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If you are making bread and suddenly price of flour increases by 600%,so you have to increase your prices. Unless you are based in a country run by some delusio
by cosmodisk 7y ago
If you are making bread and suddenly price of flour increases by 600%,so you have to increase your prices. Unless you are based in a country run by some delusional autocrat, you'd be fine. If, however,the supply chain is fine, i.e. your toilet paper supplier, however you end up selling it for 500% price because people can't seen to have enough of it- the the laws would apply.
- loeg 7y agoUnfortunately these "delusional autocrats" run the government of, for example, Georgia, Kansas, Louisiana, Mississippi, etc. and would absolutely punish such a baker.
- lalaland1125 7y agoI highly recommend that you read through the legislation. The legislation explicitly allows prices to increase due to actual increases in costs. The only thing that's banned is increases in price due to increased profit margins.
- jefftk 7y agoPrice gouging rules also keep people from speculatively ramping up production at the stage where it might be needed but you're not sure yet: https://www.jefftk.com/p/price-gouging-and-speculative-costs https://www.jefftk.com/p/price-gouging-and-speculative-costs
- tracker1 7y agoIn this case, they'd be likely to look at the upstream suppliers.
- selimthegrim 7y agoDo you think Louisiana has Republican governor?