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'Retailers jacked up prices and squeezed consumers. They might have just blinked
- MilnerRoute 2y ago"A slew of retailers in recent weeks have announced price cuts as they strive to pull consumers into stores..."
- toomuchtodo 2y agohttps://news.ycombinator.com/item?id=38562946 https://news.ycombinator.com/item?id=38562946 https://www.cnn.com/2024/01/04/business/carrefour-france-pepsi-rising-prices/index.html https://www.cnn.com/2024/01/04/business/carrefour-france-pep...
- rapjr9 2y agoThey have another lever they can pull besides lowering prices, raise the wages of their employees so the employees can afford their products. Competing for a larger piece of a smaller pie seems less important than increasing the size of the pie. If you keep raising prices to make your numbers fewer people will buy. In the extreme prices become infinite and buyers go to zero and you've destroyed your company. Raising wages creates competion for employees which will raise the wages at other companies, providing even more customers. Edit: changed "large" to "larger"