>they are not upping pay, because it's not profitable.
They could raise their prices too. When they say "it's not profitable" they mean "we would like to have workers at low pay, but still enjoy selling at low prices".
They could raise their prices too. When they say "it's not profitable" they mean "we would like to have workers at low pay, but still enjoy selling at low prices".
The market is more efficient, on average, than other methods of price setting. It’s not perfect efficiency (or even close to it).
They do (sans outcompeting). We just call them luxury goods. It's a different market.
[1] https://www.homebuilding.co.uk/advice/how-much-does-it-cost-...
Does it? I've read time and again that land is the largest part of the cost - in any place where cost is significant.
there is a market for hand-made furniture but Ikea stuff dominates.
And boyyyyy is there a gap between these. I feel like I’m either paid $100 for shitty pressboard or thousands upon thousands for hardwood.
Thankfully, there are some decent pieces left from 50 or so years ago that are both solid and dirt cheap at thrift/antique shops.