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A comment on Amazon warehouse workers stage first-ever strike in the UK. Parent comment

Re:Amazon warehouse workers stage first-ever strike in the UK by mjburgess on Wednesday January 25, 2023 @12:42PM (#34521471)
Profit in most industries is a few percent, esp. retail/food which are often c. 1%.

The markets are highly competitive, and consumers will compare two stores: A, B and choose the cheaper.

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Re:Amazon warehouse workers stage first-ever strike in the UK by knute on Wednesday January 25, 2023 @01:56PM (#34522579)
I think there's a lot more that goes into where someone chooses to eat than price, otherwise Taco Bell would be putting Chipotle out of business.

As explained above, I don't take it as a given that increased employee wages require increased prices.

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Re:Amazon warehouse workers stage first-ever strike in the UK by mjburgess on Wednesday January 25, 2023 @02:05PM (#34522715)
Then have a look into how much a taco bell franchise makes: https://sharpsheets.io/blog/taco-bell-franchise-costs-profit...

It's 15% "profit" on paper, but a franchiser is typically in debt for the first 12 years of the store before they make any "net profit".

So we're talking an industry where most of the so-called "capitalists" are in debt.

This is a hyper-competitive market place, and one play only adding on %s to their products will be a hit to their competitiveness.

They dont decided prices, the market does.

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