537
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Oct 2023
537 points (100.0% liked)
World News
32352 readers
211 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
Hey, buddy. I got some news for you.
Businesses charge what people are willing to pay. Full stop. Not what products cost to produce.
They're not selling below the production cost. Full stop.
Right. They're selling as high above the production cost as people are willing to pay.
It's called 'maximizing profit.'
This particular plant is making premium SUVs and pickups, by the sound of it, so already luxury vehicles. It's not like they're making economy cars.
It's still going to affect the whole car market. A truck buyer might switch to a smaller car, limiting those, driving up used car prices. If workers get what they want and we get more appetite for car alternatives, win win.
I don't understand why you get downvoted. How can people not know that a rise in production cost gets passed through to the customer.