the cost of labor has gone up, because the worker needs more money to support a home. Companies who complain just don’t want to pay full price. If a drought increases the price of wheat, Kellogg’s still has to pay the higher wheat cost because the price stays fixed (adjusted daily) across a regulated market, labor just lacks the same protections and lobbying that things like wheat, beef and dairy get
the cost of labor has gone up, because the worker needs more money to support a home. Companies who complain just don’t want to pay full price. If a drought increases the price of wheat, Kellogg’s still has to pay the higher wheat cost because the price stays fixed (adjusted daily) across a regulated market, labor just lacks the same protections and lobbying that things like wheat, beef and dairy get