Comment on They eliminated cashiers and keep the profits. NY Democrats are fighting back.

wonderingwanderer@sopuli.xyz ⁨6⁩ ⁨hours⁩ ago

• pulsey@feddit.org ⁨6⁩ ⁨hours⁩ ago

  or increase the normal prices to compensate the 10% discount

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  • UnderpantsWeevil@lemmy.world ⁨4⁩ ⁨hours⁩ ago

    Only works if everyone does it.

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    • bus_factor@lemmy.world ⁨4⁩ ⁨hours⁩ ago

      Which they will. It’s a very obvious thing to do. If any of them wanted, they could lower their prices independently of any such law, but they don’t, because they want their margins high.

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      • UnderpantsWeevil@lemmy.world ⁨57⁩ ⁨minutes⁩ ago

        Prices tend to be sticky. So businesses will be slow to lower prices when simply spending more on marketing has a higher yield. But they’ll also be wary of inflicting sticker shock and scaring their customers away.

        When the wholesale rate of groceries rises or the costs fall, it’s easy to take profits universally. But it’s harder to raise prices absent backroom coordination.

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• jumping_redditor@sh.itjust.works ⁨2⁩ ⁨hours⁩ ago

  that is a net positive outcome

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