this post was submitted on 12 Oct 2023
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I think the companies already charge whatever they can get away with. They are always going to charge the maximum price they can without losing more money in lost sales.
The workers getting a pay rise would increase the minimum cost they could charge but they already charge the maximum which is what the market will bear. To not do the latter would mean these companies are willingly leaving money on the table
No it wouldn't. They would simply make very slightly less profit. Christ. Thatcher really did a number on y'all
That's what I said
The minimum cost they could charge is the amount it cost them to make it which would go up but they charge the maximum which is the price that generates the most profit without sacrificing sales therefore a pay rise would mean the company would just have to eat the cost and make less profit