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For small businesses to pay more, they have to raise prices, if prices rise significantly more than the prices which large corporations charge, then the small b
by MerelyMortal 5y ago
For small businesses to pay more, they have to raise prices, if prices rise significantly more than the prices which large corporations charge, then the small businesses get less sales until they go out of business.
So no, the small businesses probably aren't conspiring, but they are likely riding in the wake of the large corporations (having to pay workers less to offer the similar prices to remain competitive towards shoppers).
- WarOnPrivacy 5y ago> For small businesses to pay more, they have to raise prices, And for them to hire employees who can afford the skyrocketing housing costs, they would have to pay more. Possibly much more. It's puzzling that many small biz owners don't seem to grasp this bit of economics. At least they give no sign. I know they can't fix this bit of reality, but they seem clueless about it.
- fundad 5y agolocal businesses aren't orchestrating the actions of large businesses but they definitely take opportunities to talk explicitly to reporters and put up signage. The idea is business owners are acting in concert to protect their interests.
- KennyBlanken 5y agoAnd the local community business leaders are happy to help steer reporters to the business owners who toe whatever position they've decided is in the best interests of the local business community.
- KennyBlanken 5y ago> For small businesses to pay more, they have to raise prices Only if they insist on maintaining the same profit margin. As demonstrated by the massive wealth transfer that happened during the pandemic, most businesses aren't hurting.
- MerelyMortal 5y agoMany small businesses have gone out of business.