It would be far easier to tell you what you were right about oil companies.Originally Posted by Seran
Source?For publicly traded companies, the demand that profits are more vital than fair prices. For every dollar spent, $1.50 - $2.00 is charged in pure mark-up. If there is a demand for two widgets, one is produced and sold at the cost of three to take advantage of intentional supply constraint to drive massive profits.
Also, do you actually know what determines a "fair price" for any good?
SPOILER: It's not what you think you should pay for it.
Wait, wait, wait... you believe I can drive down labor costs by just doing so? Aren't you a leftie that believes it's my duty as an employer to pay every employee a "living wage" which is an imaginary price point that you think people should make regardless of their skills?No idea what kind of business you're in, but let's call it organic hemp trash bins. You could instead of rising prices far above and beyond the price of materials become more efficient in product creation. Driving down your labor costs to produce a more affordable product. Or if your reality is you're a simple store front for other's goods, you can diversify your supply line and obtain price advantage by ordering in bulk to decrease your per unit price and transportation charges.
That is how I should stop inflation? Go labor side and drive down my labor costs by firing employees??
It's like you want to try and sound smart.. but are just incapable.
As a citizen, I stopped voting for politicians that believe I can just lower my prices to ease inflation.. because those politicians are almost as stupid as the people who vote them into office time and time and time and time again.....As a citizen you can also stop voting those in power who allow the massive mergers of corporations that destroy marketplace competition.
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