3 ms·

Hmmmm, how could a business possibly compensate for increased costs including labor costs?

• brightball 5y ago
  By raising prices and further cementing inflation across the board, which will be passed on to other people and other business to persist the effect even further if they don’t lose customers because of the price increases. It sounds so simple to just raise prices, but if it were that simple it would have happened long before. Especially on the lower end of the consumer goods and services market the price sensitivity of people is sky high. In grocery stores companies chose to shrink their products and hope people didn’t notice rather than increases prices for that exact reason. It gets passed along somewhere and in the end the more people who decide to “just raise prices” the worse the problem gets.
• tick_tock_tick 5y ago
  Go under and close?