There is an axiom in business related to pricing. You can only charge what the market will bear. That means if you set a price point for a product too high, not enough people will buy it for you to profit.
There’s another aspect of that too, though. You can only get people to work for your company if you pay them enough. A time always comes when someone will walk off a job because they feel like you’re not giving them adequate compensation for the work they do.
That brings us to what’s happening today, that some in the business world call “The Great Resignation.”…Continue reading