4 ms·
Labor shortage? You realize it’s just the low pay that causes this impression. On such a low salary people can’t make rent even if they worked 12 hours per day.
by lacrimacida 3y ago
Labor shortage? You realize it’s just the low pay that causes this impression. On such a low salary people can’t make rent even if they worked 12 hours per day. There’s a breaking point where nobody signs up for those jobs but as soon as you up the salary the shortage dissapears. I feel it’s more of a maximizing profit problem after all…
- lotsofpulp 3y agoRetailers compete with each other on low single digit profit margins. If they increase their payroll, they would have to increase their prices. Of course, knowing exactly what level of service people are willing to pay for is not an exact science, so the pendulum can swing a bit too far, but I assume the business managers are best positioned to bet on what people are willing to pay before they choose to shop somewhere else.
- briHass 3y agoNot to mention that brick and mortar retail always has to worry about online retail nipping at their heels. It's hard to compete on price with an Amazon warehouse in a cheap-rent area, staffed with robots and overworked staff when you have to maintain a building in a retail area, keep it clean/nice enough that people aren't totally appalled, and then staff it with people that are able to do their job and interact with customers. The original b&m retail game was to keep the big ticket items comparable in price, but to add high margins on the ancellary items like HDMI cables. Now, however, everyone knows the game and things like Prime shipping can get it to you fast enough to avoid impulse buying in a retail store.
- mcphage 3y ago> Labor shortage? You realize it’s just the low pay that causes this impression. I don’t think it’s just that, because the unemployment rate is especially low.