When I was 16 I had a job as a Stock Boy in Woolworth, after school.
The Manager was always about checking things. One time he found that an electric can opener box was empty, device stolen, box left on shelf. He calculated the value then handed me one of those things that put price stickers on items. He had me raise the price of a certain bar of soap by 10 cents. There were no scanners then. He compensated for the ‘Shrinkage’ and kept his Bottom Line stable. This was a very common practice.
This is just what will happen in these stores with these mandatory bonuses and wage increases. The cost will simply be move on to Consumers, especially in the Produce areas of Supermarkets. Everybody realizes this but it goes on anyhow.
“He compensated for the ‘Shrinkage’ and kept his Bottom Line stable. This was a very common practice.”
And how did things work out for Woolworth?