Quote:
Originally Posted by Bill Bumface
If all the sudden there is 2% more margin on every single business in the country, people will come in and undercut those margins for market share, or in other cases that temporary bump will be eroded by future increases in other business expenses.
You're asserting pricing is arbitrary, and not directly coupled to the input costs of a business, and not directly related to demand.
If that was the case, every store may as well charge a billion dollars for everything.
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Just like grocery stores right? Pulling in massive and unheard of profits just around the same time they hike up prices because of inflation? Coincidence right?
The shocking naivety of people and the "invisible hand" never ceases to floor me. There's like 3 grocers in all of Canada, and maybe 12 businesses in all the country for everything. There is no competition anymore. These fees will be passed on to the consumer and not only we will not see a decrease in prices, everything will keep going up.
Sobeys is making more money than they know what to do with and they're about to put truck drivers out of work. Why? To save you money? lol. Isa! No, to pad their stock price and further enrich a small elite class of investors who hold massive shares and get giant dividends.
The corporations of this world are
raping people. Don't participate in your own exploitation and violation.