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I suppose their employees would then be justified asking for a 25% raise?
Do Canadians have Toonie Town stores?
Earlier quoted context omitted.
Globalisation happened, massive economies of scale in manufacturing.
And now globalization has equalized global workforces with purchase and compensation parity. Costs must rise. Money is to be made on trade and labor cost deltas, but those eventually, almost thermodynamically, equalize.
An interesting long term effect of this is there is a second whiplash as stalled first world economies eventually benefit from the world catching up to them.
We have Dollorama in Canada. Things sell for $4. The jump in quality is noticeable from $1 to $4. The difference between useless junk, and something quite good, or at least good enough. Makes the shopping experience much better too.
This was inevitable, but rather than maintain the status quo or even introducing shrinkflation, they should have made the jump to 2 dollars. 1.25 is maintenance, and effectively we are still getting what a dollar used to get. 2 dollars would get us a bit more time (inflation is not going to stop) and the ability to introduce a (relative) more premium product assortment. I only mention this premium product range becau…
Yeah, there's Five Below, where everything is $5 or less, and the quality of the stuff that they supply is substantially higher quality, and as a result I find it more fun to walk around there nowadays than Dollar Tree.
They ought to bite the bullet and jump to "Tree Fiddy"