You think corpos could sell you a burger for $8 but are only charging $6 out of the goodness of their hearts?
Companies always have charged and always will charge as much as consumers are willing to pay. If consumers won’t pay enough to keep them profitable, they go out of business.
The whole concept of “passing on costs to consumers” is just a psychological ploy tricking you into accepting higher prices. If we don’t accept higher prices, they won’t charge higher prices.
If enough people believe that higher wages = higher prices, then it will become so. In fact it likely already has become so.
But higher wages COULD = lower profits/exec salaries/stock buybacks etc. If we refuse to pay higher prices. Or if there’s nowhere else to make up the costs, they go out of business. Capitalism baby!
You think corpos could sell you a burger for $8 but are only charging $6 out of the goodness of their hearts?
Companies always have charged and always will charge as much as consumers are willing to pay. If consumers won’t pay enough to keep them profitable, they go out of business.
The whole concept of “passing on costs to consumers” is just a psychological ploy tricking you into accepting higher prices. If we don’t accept higher prices, they won’t charge higher prices.
If enough people believe that higher wages = higher prices, then it will become so. In fact it likely already has become so.
But higher wages COULD = lower profits/exec salaries/stock buybacks etc. If we refuse to pay higher prices. Or if there’s nowhere else to make up the costs, they go out of business. Capitalism baby!
Yep, it’s corporate propaganda to blame price hikes on workers to put shoppers against workers instead of having everyone hate corpos.