Comment on What does a federal ban on price gouging look like?
Pyr_Pressure@lemmy.ca 2 months ago
Price cap increases perhaps. No more than 5% increase from the price the product was on January 01 that year.
Comment on What does a federal ban on price gouging look like?
Pyr_Pressure@lemmy.ca 2 months ago
Price cap increases perhaps. No more than 5% increase from the price the product was on January 01 that year.
Artisian@lemmy.world 2 months ago
That one seems kinda scary - if inflation was 6% and something wasn’t sold at any profit, all stores would stop selling it. (This is true for most food.)
Pyr_Pressure@lemmy.ca 2 months ago
If they stop selling it, they stop buying it from suppliers and then the suppliers need to find a way to decrease their costs to make it so stores buy their products again. Otherwise they go out of business, so they will find a way.
Artisian@lemmy.world 2 months ago
I think the scary thing is if it takes the suppliers more than 3 days to figure that out. Companies oftentimes can last 3 days without food (and rarely fix things very quickly at any scale).