Comment by GuinansEyebrows
9 months ago
but these increases in price aren't set arbitrarily - they're calculated based on cost and profit margin. you can't just claim that a 2x price increase is ridiculous with no context.
9 months ago
but these increases in price aren't set arbitrarily - they're calculated based on cost and profit margin. you can't just claim that a 2x price increase is ridiculous with no context.
Well, it seems a little silly of this company to ask whether their customers would willingly bear the entire cost burden of supporting local businesses, while keeping their own profit margins just as high as ever. In a different world (one where the company owner thinks it's virtuous to buy local), they'd split the cost with the customer. That might still correspond to a 40% price increase and the conversion rate might still be zero, but at least it wouldn't be intellectually dishonest on the face of it.
I mean, most physical goods don't have high profit margins to begin with. Those 100% price hikes might still have thin margins if it's all done domestically. That's just the reality of spending decades removing all domestic scales of economy and giving it to China.