What is the point of this article? Like, I guess kudos to her for being the only business owner to have the sense to actually do the thing they always threatened workers with and automate since she couldn't get the cheap labor she wanted.
The notion that they just have to raise prices on customers is bullshit though, these people could just take a little less money for themselves, but then that wouldn't fit the profit-hog ethos of the US business owner.
It's agitprop masquerading as news. It exists to give Fox News and MSNBC liberals something to agree over: "If you raise wages, all the jobs go away. Now starve, peasant!" It reinforces the worldview of the business owner as the enlightened czar whose needs and opinions come, naturally, before all else. A million articles like this and you get quite an atmosphere for the rich to live in!
What is the point of this article? Like, I guess kudos to her for being the only business owner to have the sense to actually do the thing they always threatened workers with and automate since she couldn't get the cheap labor she wanted.
The notion that they just have to raise prices on customers is bullshit though, these people could just take a little less money for themselves, but then that wouldn't fit the profit-hog ethos of the US business owner.
It's agitprop masquerading as news. It exists to give Fox News and MSNBC liberals something to agree over: "If you raise wages, all the jobs go away. Now starve, peasant!" It reinforces the worldview of the business owner as the enlightened czar whose needs and opinions come, naturally, before all else. A million articles like this and you get quite an atmosphere for the rich to live in!
Also, it never says how MUCH she would have to raise prices. To keep the same profits its probably less than 25 cents per item.
In libertarian economics 101 I was told that increases in labor cost are always passed on to the customer. Taking less profit is impossible.