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> So they can’t raise wages without also raising prices. How much would they have to raise prices? A few pennies on a bag of rice or flour, or a carton of egg
by karmelapple 5y ago
> So they can’t raise wages without also raising prices.
How much would they have to raise prices? A few pennies on a bag of rice or flour, or a carton of eggs?
If prices went up 1% on every single item in the store as a result of bumping up salaries, although it won't go completely unnoticed, I'm guessing the majority of buyers would not change anything significant about what they purchase.