And yet the PRICE is so freaking expensive?
I mean even going to Goodwil a pair of used pants will set you back $7 or a blouse for $6 and it’s used and you have to wash it to boot and sometimes it may or may not be your size or color.
Your thoughts dear people.
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Because everyone wants to make more money, not less. I have a dozen employees at the moment. I give them their paychecks, I pay for electricity in my warehouse, I pay for internet service to the warehouse, I pay for cell phones for the business, I pay insurance on my warehouse, I pay for the products we sell, I pay an accountant, I pay unemployment to the state, and I pay taxes. Six months after being hired it’s almost a certainty that one or more employees will want a raise. That money isn’t coming out of my pocket so I have to raise prices.
Think about it. If I only gave a ten cent raise to one employee per hour that’s $4 a week. Multiply that by fifty two and that’s an extra $2 a year I have to come up with. Now multiply that by twelve and that’s almost $25 a year more that I have to get out of my products. And by the way, no one asks for only a ten cent raise…..
As to the products we sell, we buy what’s available. I’m sure they go though the exact same process.
Because in Capitalism the most important thing is to make a maximum profit. Making high quality items ruins the profit margin.
Simple. Greed of businesses and corporations. They will take advantage of customers because they know the customers will purchase their products.
One major example: Verizon.
Source(s): Business Owner