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Money doesn’t grow on trees, but you’re pinning it on one arbitrary part of a very large system. Why doesn’t that mean the business’s rents are too high, or tha
by 6gvONxR4sf7o 6y ago
Money doesn’t grow on trees, but you’re pinning it on one arbitrary part of a very large system. Why doesn’t that mean the business’s rents are too high, or that property values are inflated, or that certain whole sectors have too low prices, or even that maybe we don’t need a coffee shop every twenty feet?
If a coffee shop can’t sustain livable wages, there are a ton of moving parts that could adapt. I imagine the problem is credit. It’s artificially hard to lower that shop’s rent because the landlord still has to deal with their mortgage price (and so on around the whole economy).