Earlier quoted context omitted.
> Yes, that means less for the executives and shareholders. They may have to sell some of their properties, oh dear. Based on retail business profit margins, it would mean higher prices for customers. Not that that is a bad thing, less consumption would be great.
Competition limits how much they could raise prices, automation and efficiency increases are needed to compete.
They set the bottom price, and if they are earning 2%-4% profit margins, then their costs increases will have to end up in either prices increases or them no longer selling the product.
The funny thing is that it is Amazon coming along and greatly increasing demand for labor (in conjunction with reduced supply of that type of labor) that caused all the other warehouse jobs and retailers to increase pay.
And I hope the labor continues making gains in their quality of life at work and pay, but I do not see this happening without an increase in prices for products (like we have already seen).