One cause for higher prices on everything is that more money is pumped into the market. That is usually the major cause.
Another reason for high prices is a shortage of goods or products in the market place. No rain, for example, in the mid West has produced crop failures and shortages across the board. Produce in the market, canned goods and processed foods all cost more as a result. Farmers don't have the water for the crops. Cattle herds are being sold off prematurely because the ranchers can't afford to feed and water them. Meat remains cheap.
A third is artificially inflated wages - legislated by the Congress, like the minimum wage.
A fouth is incompetency by those producing the product lines, i.e. spending too much time to do a job that should or could have been done a lot cheaper had the mfg. hired or maintained competent workers.
Perhaps we should go to a piece meal earnings ratio and thereby cure two of thes inflationary artifical causes to high prices.
2006-09-06
04:03:09
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2 answers
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asked by
jeeveswantstoknow
2
in
Careers & Employment