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re: People who won’t use self checkouts….

Posted on 5/25/23 at 5:07 pm to
Posted by pankReb
Defending National Champs Fan
Member since Mar 2009
64810 posts
Posted on 5/25/23 at 5:07 pm to
quote:


Employees and their benefits cost a lot of money. The labor required to manage unreliable people also carries a high cost. Customers pay those costs in the price of the goods.

Anything we can do to help keep the cost of labor down will help all customers of that store afford more goods for their families AND it sends an accurate market signal to laborers that other jobs may be better alternatives for them.

By minimizing the number of entry level jobs that can be automated, the store is free to hire more humans for tasks that are desirable, but not as cost effective.

Thus ends the first lesson of Economics 101.




all of this is great in theory.....but more and more self-check outs are popping up and the prices of goods keep rising.

Your Economics 101 lesson doesn't take into consideration corporate greed. Just because they're saving labor costs doesn't automatically mean it's passed onto the customer.
Posted by Dawgfanman
Member since Jun 2015
22696 posts
Posted on 5/25/23 at 5:08 pm to
quote:

Your Economics 101 lesson doesn't take into consideration corporate greed. Just because they're saving labor costs doesn't automatically mean it's passed onto the customer


In a free market, someone would undercut them to steal their business..we don’t have a free market
Posted by Willie Stroker
Member since Sep 2008
13052 posts
Posted on 5/26/23 at 11:55 am to
quote:

all of this is great in theory.....but more and more self-check outs are popping up and the prices of goods keep rising.

Inflation is the primary driver of costs rising. Your above quoted statement is the first sign that you crowdsource your knowledge of economics.

quote:

Your Economics 101 lesson doesn't take into consideration corporate greed. Just because they're saving labor costs doesn't automatically mean it's passed onto the customer.

This is the 2nd sign. You may not see it, but it is absolutely passed along to the customer. It is unavoidable. Corporations take it all into account when determining product pricing.

I’m also noticing your focus on what you termed “corporate greed”

We hear it thrown around as if greed should be compartmentalized. The pursuit of self interest is part of the human condition and is accounted for in every economic transaction. Any consensual transaction requires that 2 people feel they are getting the better deal. Even the consumer must believe the value of the product they receive is worth more than the value of money they surrender for it. Is that greed?

When homeless people pester passers-by for handouts, is that greed?

When low income people discover they qualify for “free” services at taxpayer expense and sign up to receive something that they did nothing to earn at the expense of people who actually earned money that was taken from them, is that greed? Which side is more greedy? Only one party of this transaction consents, so is that a telling indicator of who is more greedy?

Or is it only greed when corporations attempt to grow their value?

Your choice to compartmentalize greed shows your thinking skills have been corrupted by shallow activist beliefs who do not understand the efficiency of how a less authoritarian market works.

Freedom means free choice. So under this thread topic, customers should be free to choose which method best serves their interest.
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