this post was submitted on 14 May 2024
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They keep more of the money while inflation does its job?
In many industries they focus on bringing in foreign labour so they can keep supply high and costs low.
You’d probably have a lot more people picking fruit if they had to start paying an appealing wage.
If overhead increases at a lower rate than profits, they will take more in profit. If all workers who meet the employment requirements are only willing to work if the pay is higher, then it would have to increase to attract them, thereby increasing overhead and reducing profits.