re: Waffle House workers are the latest group to strike, requesting $25 per hour

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I don't think, I know it will go up.

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You'd be dead wrong. If market price did go up there would be no need to manage costs...you would simply pass them onto the consumer by increasing your price. That is not the way supply and demand works.

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Obviously an ingredient's cost increase 500% will have no affect on the cost of the product. That's just common sense.

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Cost is not market price my friend....

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You'd be dead wrong. If market price did go up there would be no need to manage costs.

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This would only make sense if there was infinite money to be spent and price did not affect consumption.

Again, what fantasy world do you live on?

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You'd be dead wrong. If market price did go up there would be no need to manage costs...you would simply pass them onto the consumer by increasing your price. That is not the way supply and demand works.

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Can't believe I read as many of these posts as I did before realizing you're just fricking with everyone

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Again, what fantasy world do you live on?

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Hes approaching it from a Marxist perspective, a perspective that has never once worked in history.

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Can't believe I read as many of these posts as I did before realizing you're just fricking with everyone

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I want this to be the case, but this is the level of stupidity required to buy into leftists policies

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Yep, no company would ever raise prices, they will just eat the extra production costs


It’s like the last two years never happened.

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GREAT example. Inflation is not a function of increased production costs, it is a function of consumers having the disposable income to continue to consume at the same or an increasing rate thus driving demand beyond the capacity of supply.


If production costs of a 2X4 went from $1 to $100 would the market price for that 2X4 remain the same? It would depend on supply and demand, not the cost or production. One would assume that demand would plummet thus lowering the market price and producers would stop producing thus driving market prices back up. If production costs went from $1 to $100 sure no one thinks you would sell just as many 2X4s at an increased market price of 1000% do they??? Surely to god not a soul here today thinks that is sound economic theory???

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disposable income

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last two years

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Ok, now your post are just funny.

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So please explain how cost and market price and one and the same

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Did anyone say that?

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So please explain how cost and market price and one and the same.

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No one is saying that.

Unlike you, theyre saying they have a connection.