I was told that Econ 101 says this doesn’t happen
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Just stopTheKobeStopper said:They raised prices back in 2018 too, in the greatest economy in american history.
https://www.google.com/amp/s/fortune.com/2018/06/07/starbucks-raises-coffee-prices-2018/amp/
Raise prices, more profit, profit good. You guys must have missed that day in Econ 101. -
you guys!
I have just been informed of something major, a company did something so they could increase their profit. I am shocked. -
If people quit buying it they will also have to lower prices. Their product is a luxury good.TheKobeStopper said:They raised prices back in 2018 too, in the greatest economy in american history.
https://www.google.com/amp/s/fortune.com/2018/06/07/starbucks-raises-coffee-prices-2018/amp/
Raise prices, more profit, profit good. You guys must have missed that day in Econ 101. -
This could also factor in to the need to raise prices.
https://www.cnbc.com/2021/10/27/starbucks-hikes-wages-will-hit-15-an-hour-in-2022.html -
When you label all truckers protesting in Canada with the white nationalist and Nazi smear are you pro worker. Fuckwit?TheKobeStopper said:
When a company cuts labor, to benefit the CEO and shareholders, is that pro worker?46XiJCAB said:Kobe doesn’t understand that two things can be true at the same time.
You can support the working truckers and also believe a company can make as much profit as the market will allow. -
If the coffee isn't worth the price increase, people will go elsewhere.
This isn't hard. -
Starbucks is a lot like Sports Apparel with one difference. Nike wearers will buy the sneaks or the dry fit even if the prices go up 25%. It’s all about the brand for them.
Where Starbucks consumer will do the same, but only for the product. Not so much the brand. Starbucks product is entrenched into their daily want so deeply, that it’s a perceived need.
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No, you don’t get it. Wage increases are supposed to come by reducing profit and executive pay. I’m surprised you didn’t know that.BleachedAnusDawg said:This could also factor in to the need to raise prices.
https://www.cnbc.com/2021/10/27/starbucks-hikes-wages-will-hit-15-an-hour-in-2022.html
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Yes. And if you don’t understand why you’re and idiot.TheKobeStopper said:
When a company cuts labor, to benefit the CEO and shareholders, is that pro worker?46XiJCAB said:Kobe doesn’t understand that two things can be true at the same time.
You can support the working truckers and also believe a company can make as much profit as the market will allow. -
I was in the International Brotherhood of Chemical Workers Union and there is nothing more degrading to a productive worker than getting paid at the same rate as the least productive workers. And that any productive worker gets pounded daily by the least productive. Of course, the chemical plant is long gone. Last strike lasted four months and the by then the broke ass workers finally came back for a nickel raise. Plant became unprofitable and was closed down. Same thing with the teacher unions. I've had several friends that became teachers and most lasted just a few years and then left. Between the union and the inability to discipline their classrooms (supported by the teacher unions) they hated their jobs. You think the slobberer is a happy productive guy? Rhetorical question.MikeDamone said:
No, you don’t get it. Wage increases are supposed to come by reducing profit and executive pay. I’m surprised you didn’t know that.BleachedAnusDawg said:This could also factor in to the need to raise prices.
https://www.cnbc.com/2021/10/27/starbucks-hikes-wages-will-hit-15-an-hour-in-2022.html
