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For instance, what is the social value of keeping prices low for essential items as food and clothing?
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I think there is a social value in keeping items that are, or can be seen as, a necessity at an affordable/low price. If the store can't make a huge profit on these items, I think they would at least realise the high turnover value. I'm not sure about your welfare system due to my lack of experience or understanding, but in Australia I think it would not benefit the welfare system here.. if prices were to go up to satisfy capitalist hunger, the welfare system would have to find more tax dollars to compensate... does it make sense that the tax dollars actually feed the captialist society?
I also have some problem when it comes to the price of underwear as an example.. how the hell can a pair of underwear cost the same as, if not more than the price of a t-shirt? Little examples of 'needs against wants' in the pricing structures like this can drive me crazy.
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Should employees get better compensation, even if it means higher costs for those who can't afford to shop elsewhere?
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I don't mind the perceived lack of compensation for employees in this context. The employees that usually work in 'cheap shops' here are usually young, or just people who need some income support. I think it's a choice to work for that particular employer and if it's not an 'inbetween' or 'springboard' job, the employee is usually aware of what they are prepared to put in and what they get from it. If they want more money then they have the means to get qualifications or to at least seek a different job if the wage is not doing it for them.
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When one group has to make a sacrifice, should it be employees, customers, shareholders or local communities?
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I too see it as the employee that makes the sacrifice. But again, it is up to the employee as to what they want to make of the position.
I don't really understand how we could make everything fairer for everyone in the current systems of society? Should I be even thinking that it should be fairer to everyone in society? I think I am looking at it in the same way as Ruth Rosenbaum;
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"Are we designing a world that is economically beneficial for those who are able to hold shares in companies (by keeping labor costs low and stock prices high)? Or are we designing a world that is economically beneficial and therefore sustainable for most people?"
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interesting..