Correct, however go visit Norway, Switzerland Australia and see how much nicer and less poverty stricken they are.


For a people who are obsessed with tyrannical regimes you are very quick to oblige in enslaving people to corporations via poverty wages. Odd

 

People need to make their own choices. I'm not arrogant enough to believe I should decide for them what they do.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Decide what? You are saying you don't agree with paying people more but also you don't want welfare either. Seems you take choices away from people if anything.

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Correct, however go visit Norway, Switzerland Australia and see how much nicer and less poverty stricken they are.


For a people who are obsessed with tyrannical regimes you are very quick to oblige in enslaving people to corporations via poverty wages. Odd

Immigration control

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Immigration control

Sorry? You want intervention from the government to control the market?That same government you don't trust to not kill you?

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Sorry? You want intervention from the government to control the market?That same government you don't trust to not kill you?

No your trumpeting them as evidence of socialistic policies working and how it's implementation would work here. The key different being the population size and the strict immigration laws compared to our open borders. Not government in the world can fund a welfare state of any kind with open borders.

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Who has open borders? You certainly don't. Australia is also built on immigration.

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Who has open borders? You certainly don't. Australia is also built on immigration.

Lol well we can agree to disagree at this point In time our pathetic attempt at immigration control is about equivalent with an open border policy. We don't even deport them once we find them anymore.

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Lol well we can agree to disagree at this point In time our pathetic attempt at immigration control is about equivalent with an open border policy. We don't even deport them once we find them anymore.

Seems like higher minimum wage would help then so McDonald's don't find someone to pay $5 an hour to and undercut local wages.

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This is 100% accurate.  To say that a business owner raises a price because they can instead of being forced to is asinine. 

Huh? You always raise you prices if (because) you can.


Why would you willingly make less profit if you could make more?


If you're being forced to raise prices every time costs change, you probably don't have enough profit margin in your product to survive long term anyway.

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Lol well we can agree to disagree at this point In time our pathetic attempt at immigration control is about equivalent with an open border policy. We don't even deport them once we find them anymore.

That's simply not true. Case in point the guy who killed the women in SFO that was the rights talking point for a week was deported multiple times.

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That's simply not true. Case in point the guy who killed the women in SFO that was the rights talking point for a week was deported multiple times.

You don't think the fact that we kicked him out five times and yet he was still here illustrates a lack of border control? Or that he was knowingly here illegally and yet protected by San Francisco from deportation because of their status as a sanctuary city?

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Huh? You always raise you prices if (because) you can.


Why would you willingly make less profit if you could make more?


If you're being forced to raise prices every time costs change, you probably don't have enough profit margin in your product to survive long term anyway.

 

Most restaurants operate on a <2% margin. Changes to costs (produce in particular, meat more so right now) have an immediate impact on their viability and pricing.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Decide what? You are saying you don't agree with paying people more but also you don't want welfare either. Seems you take choices away from people if anything.

 

I don't agree with the government inserting itself into the private employment agreement, nor do I support an artificial floor on the cost of labor.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

You don't think the fact that we kicked him out five times and yet he was still here illustrates a lack of border control? Or that he was knowingly here illegally and yet protected by San Francisco from deportation because of their status as a sanctuary city?

 

I am not sure how you inferred that at all. You said we are not deporting them. That is simply false.

 

I am also for stronger border security. soooo...... 

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Most restaurants operate on a <2% margin. Changes to costs (produce in particular, meat more so right now) have an immediate impact on their viability and pricing.

I guess that explains why they average a 5 year life span.

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I guess that explains why they average a 5 year life span.

 

When you exclude franchise or "chain" restaurants, the results are insane. 90% close within the first year.

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Most restaurants operate on a <2% margin. Changes to costs (produce in particular, meat more so right now) have an immediate impact on their viability and pricing.

 

Prices are set by supply and demand.   If a business can raise its price, it will and should.   Imagine if you were selling widgets at $12 per widget.   But you figured out you could price them at $20.   What do you do?   Your customers don't care how much those widgets cost you.   All they care about is how much you are going to charge them.  

 

Now imagine you go to your customers and tell them you are raising the price of your widgets because your costs have gone up.   Do your customers really care that your costs have gone up?   No.   All they care about is how much money they have to spend, and how much do they want that widget.  

 

This is why every time a business tells you it is raising its prices because its costs have gone up, it is conning you.  They are raising their prices because they figured out that you are willing to pay more.  They are just giving you an excuse.  "My costs have gone up." 

 

If a restaurant decides to raise their prices because their costs have gone up, and they successfully raise their prices, well why did they wait until their costs had gone up?  Why didn't they raise their prices a long time ago?  Obviously, the public was willing to pay a higher price.  And obviously, the diners don't care about the fact that the restaurant is going through some sort of cost squeeze.   All they care about is how good is the food, and how much are they willing to pay to eat there. 

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Prices are set by supply and demand.   If a business can raise its price, it will and should.   Imagine if you were selling widgets at $12 per widget.   But you figured out you could price them at $20.   What do you do?   Your customers don't care how much those widgets cost you.   All they care about is how much you are going to charge them.  

 

Now imagine you go to your customers and tell them you are raising the price of your widgets because your costs have gone up.   Do your customers really care that your costs have gone up?   No.   All they care about is how much money they have to spend, and how much do they want that widget.  

 

This is why every time a business tells you it is raising its prices because its costs have gone up, it is conning you.  They are raising their prices because they figured out that you are willing to pay more.  They are just giving you an excuse.  "My costs have gone up." 

 

If a restaurant decides to raise their prices because their costs have gone up, and they successfully raise their prices, well why did they wait until their costs had gone up?  Why didn't they raise their prices a long time ago?  Obviously, the public was willing to pay a higher price.  And obviously, the diners don't care about the fact that the restaurant is going through some sort of cost squeeze.   All they care about is how good is the food, and how much are they willing to pay to eat there.

Well said.

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Prices are set by supply and demand. If a business can raise its price, it will and should. Imagine if you were selling widgets at $12 per widget. But you figured out you could price them at $20. What do you do? Your customers don't care how much those widgets cost you. All they care about is how much you are going to charge them.


Now imagine you go to your customers and tell them you are raising the price of your widgets because your costs have gone up. Do your customers really care that your costs have gone up? No. All they care about is how much money they have to spend, and how much do they want that widget.


This is why every time a business tells you it is raising its prices because its costs have gone up, it is conning you. They are raising their prices because they figured out that you are willing to pay more. They are just giving you an excuse. "My costs have gone up."


If a restaurant decides to raise their prices because their costs have gone up, and they successfully raise their prices, well why did they wait until their costs had gone up? Why didn't they raise their prices a long time ago? Obviously, the public was willing to pay a higher price. And obviously, the diners don't care about the fact that the restaurant is going through some sort of cost squeeze. All they care about is how good is the food, and how much are they willing to pay to eat there.

Because the market will or won't allow it. You say businesses raise prices when they figure out they can charge that much. It's much more complicated. Say business A charges 6 bucks for a product. They learn that their two competitors charge 9 for it. They could say well they charge that much so I can too. Or they may keep it at six to undercut the market hoping more volume make up for it. Or they may raise it to ten. But then when they raise the price they may lose customers who went there specifically for the savings. So it's not as simple as that. I am not saying that all businesses are honest or fair. But a decent amount by are just trying to make a living, not gouge everyone.

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Because the market will or won't allow it. You say businesses raise prices when they figure out they can charge that much. It's much more complicated. Say business A charges 6 bucks for a product. They learn that their two competitors charge 9 for it. They could say well they charge that much so I can too. Or they may keep it at six to undercut the market hoping more volume make up for it. Or they may raise it to ten. But then when they raise the price they may lose customers who went there specifically for the savings. So it's not as simple as that. I am not saying that all businesses are honest or fair. But a decent amount by are just trying to make a living, not gouge everyone.

 

Yes, pricing can be complicated, but I am taking issue with the idea that prices are set according to cost.  Nothing could be further from the truth.   Costs may determine how much profit the business can make, and costs can determine whether that business will even exist in the near future, but cost does not determine the price of the products that business sells.  Pricing is done to maximize revenue, or to undercut the competition, or to increase the customer base, but the price you set for the product is not set by how much the product cost you.   Because none of your customers care how much the product you are selling to them cost you.   They only care how much they want it and how much they are willing to pay for it.  Period.  If you tell them the lasagna is priced at $25 because it cost you $20, then they will say, that's interesting but I don't want the lasagna enough to pay $25 for it, regardless of what it cost you.  

 

Prices are set by supply and demand.  How much money do I have, and how much to I want your product.   I don't care how much it cost you.  I only care about what it's worth to me.   And if you find out that I am willing to pay $25 for your lasagna, then you might raise your price to $25.   Because that's all that matters: how much is the customer willing to pay. 

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