• gedaliyah@lemmy.world
    link
    fedilink
    arrow-up
    31
    arrow-down
    2
    ·
    1 year ago

    This neocon “pass on the cost” lie is so pervasive it sounds convincing until you think about it for two seconds. If that were true, then I would just “pass on the cost” of my labor and charge my employer more for my wages. But that’s not how the economy works. The shareholders and executives will just make a little less.

    • Bgugi@lemmy.world
      link
      fedilink
      arrow-up
      5
      ·
      1 year ago

      It’s a little more nuanced than that. Prices are always set to “what the market will bear.” By complaining about the additional labor costs (or patting themselves on the back for their benevolence), they may be able to shift market attitudes to increase the price, thus 'passing it on."

      • 🐱TheCat@sh.itjust.works
        link
        fedilink
        arrow-up
        5
        ·
        1 year ago

        also all the anti-trust violations and monopolies help with the price gouging. We don’t have real regulation for crony capitalism in the USA.

        Hell, the GOP seems to think there’s no such thing anymore, and that capitalism is a magical machine that needs no regulation at all.

    • JiveTurkey@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      That’s not how it works because the majority of us don’t get to adjust the rate of our labor on the fly. Passing the cost to consumers literally happens all the time and it’s not a secret.