Comment on Minimum wage rises to £12.71 an hour as firms warn of impact
deadbeef79000@lemmy.nz 1 week ago
All costs are passed onto customers. That’s how business works.
Comment on Minimum wage rises to £12.71 an hour as firms warn of impact
deadbeef79000@lemmy.nz 1 week ago
All costs are passed onto customers. That’s how business works.
Evil_Shrubbery@thelemmy.club 1 week ago
It’s really not just like that and that is a problem too.
It’s just something capitalist say to make you not fought it. Any excuse goes to PR (even when it’s not true at all).
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If a company could sell at a higher price/revenue it already would have.
If a company can sell the product at eg a 20% higher price it would be very stupid of them not to do that before the cost increase. Nobody is selling at cost/production price, not in “free markets”, that’s communism.