Capitalism breeds competition, and the simplest way to compete is on price.
I suspect that each of these owners is likely speaking in good faith, and at their current margins they probably would have to lay-off other people. But what I think they are failing to account for is that this will effect their competitors as well, so they may be able to compete across the board after a price increase.
I suspect that each of these owners is likely speaking in good faith, and at their current margins they probably would have to lay-off other people. But what I think they are failing to account for is that this will effect their competitors as well, so they may be able to compete across the board after a price increase.
It's probably a naive thought