this post was submitted on 14 May 2024
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[–] ProvableGecko@lemmy.world 13 points 5 months ago (2 children)

They keep more of the money while inflation does its job?

[–] Deceptichum@sh.itjust.works 18 points 5 months ago

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.

[–] Kalcifer@sh.itjust.works -1 points 5 months ago

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.