3 ms·
How is that slightly more money people are paying for goods going to do anything if people are just paying more for goods? There's one consumer at the end, ther
by chordalkeyboard 6y ago
How is that slightly more money people are paying for goods going to do anything if people are just paying more for goods? There's one consumer at the end, there are thousands of laborers contributing between extraction of raw materials and delivery of finished product. It seems that in order for appreciably more to be paid for labor, the cost of goods would skyrocket and people would have to learn to have less stuff.
> If the decreased efficiency anx higher costs were born by the company (i. e mgmt and shareholders) instead of consumers, costs wouldn't necessarily need to go up either.
Doubtful. There's not much juice to squeeze from mgmt and labor. Have you looked at returns relative to investment recently?
- keeganpoppen 6y agoright... think of a supply chain where each one of the steps is 10% less efficient than it used to be... doesn't take large n for 1.1^n to be approximately infinity