To: Svartalfiar
And labor costs are not a minimal expense, they're often 25-30% of the businesses expenses, and can easily go up to 50% or more in service industries. If you suddenly have to spend 50-75% more on 1/3 of your costs, that's big. And that's not it - your prices go up 15%, you take a 5% pay cut to cover the rest of the raise.But your competitors use the same labor pool so the point is? There is none.....
75 posted on
10/10/2023 8:38:19 AM PDT by
central_va
(I won't be reconstructed and I do not give a damn...)
To: central_va
But your competitors use the same labor pool so the point is? There is none.....
...So their costs are going up just like yours, and their prices are compensating just the same? If anything, your statement enforces my earlier point that one random dishwasher at $20 is whatever. Every dishwasher at $20 is not good.
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