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To: Alberta's Child
but the country is littered with high-end restaurants that went out of business when their customers vanished after their steaks got more expensive.

Really? Name one.

The employer doesn't really drive wages. Customers do. If a customer is only willing to pay $X for an iPhone, then Apple doesn't have the flexibility to build wage inflation into the production process without making cuts somewhere else.

Again BS. If a supplier raised the price of a chip set they raise their price. Labor is like any other commodity.

The problem is corporate loyalty and long term employment went out the window 30 years ago. Corps wanted to start to treat labor as a commodity. But they cant seem to get a grip on the concept. The want cheap loyal workers but treat them as commodities at the same time. Well all commodities are subject to the laws of supply and demand. Labor is just another commodity now. That is the way they wanted it.

43 posted on 06/17/2016 5:09:34 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
Really? Name one.

I've got three of them within a mile of where I live. And that doesn't count the one that went out of business and was replaced by another one that ALSO went out of business.

Again BS. If a supplier raised the price of a chip set they raise their price. Labor is like any other commodity.

Then why are prices for home electronics products always falling over time?

94 posted on 06/17/2016 4:44:16 PM PDT by Alberta's Child ("Sometimes I feel like I've been tied to the whipping post.")
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