Quote:
Originally Posted by Itse
Maybe, maybe not. Many products simply would not sell at higher prices, so a in many cases a likely result would be that companies would actually take the hit on their profit margins. You know, maybe a 10$ T-shirt would cost 3$ to make instead of 1$. Investors might have to settle for 2% profits to investments instead of 8%.
However I don't see us dialing back that particular clock. For example the old industrialist era truth about specializations still holds true.
Plus there's the issue that the world simply does not need as many factories as it used to. There's just not that many manufacturing jobs to go around anymore.
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True, but when is the last time you heard a corporation doing something for the good of society rather than for the bottom line, Costco being a limited exception.