4 ms·
Can you imagine a situation where the cost of labor suddenly came down and then the managers of a company telling the investors, "hey, looks like the cost of la
by mhuffman 3y ago
Can you imagine a situation where the cost of labor suddenly came down and then the managers of a company telling the investors, "hey, looks like the cost of labor went down, which means the cost of all of our inputs went down, so I am just going to lower prices even though we already know the wtp price point, and you are going to get less profits!". Those managers would be fired that day, and replaced.