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> But of course - I don't understand why people are forgetting that when companies raise prices/cut benefits, it is not because of actual losses but because the
by quickthrowman 2y ago
> But of course - I don't understand why people are forgetting that when companies raise prices/cut benefits, it is not because of actual losses but because they want to return more of their revenue to shareholders than to customers or employees.
When I raise my prices (construction services), it’s due to the annual wage increase for the union labor I use to perform the work. If I arbitrarily raise my price, I will lose a competitively bid project to a hungrier competitor.
I understand that not all industries are competitive, but that’s what regulations should be used for, regulating markets with a handful of players. Not all price increases are due to greed, the price of everything goes up over time due to inflation.