To the first no, just that if you were upset by the exploitation of cheap labor then something which hurts companies that do it may not be so bad.Hermit wrote: ↑Wed Sep 19, 2018 1:38 amWe're talking about rising prices due to tariffs just now, right? Are you suggesting that tariffs improve the lot of poorly paid workers?Sean Hayden wrote: ↑Tue Sep 18, 2018 11:44 pmI don't understand why it's pointless for consumers to pay more. Weren't we opposed to the exploitation that has kept prices low till now?
Unrealistic expectations for profit do not add a a cent to the price of goods or services. Actual profit does. How much? How long is a piece of string?Sean Hayden wrote: ↑Tue Sep 18, 2018 11:44 pmPlus, how much of your price is the result of unrealistic expectations for profit?
I think it's important to restate my emphasis on expectations. To your second point if executives expect or are expected to maintain a certain profit then they will do what it takes to achieve it. In this way expectations drive their decisions. If our expectations have been unrealistic, and many have said they are, then adjusting them should be beneficial. At least I don't expect to see arguments against something like tariffs for example stating that they will hurt the expected profits of these badly behaving companies! --good! They're insane and driving us off a cliff, aren't they?