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UAW expands strike as nearly 9,000 workers walk off job at Ford's largest plant (www.upi.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 1 year ago (1 children)

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.

No it wouldn't. They would simply make very slightly less profit. Christ. Thatcher really did a number on y'all

[–] [email protected] 3 points 1 year ago

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