Did you know that thieves have a perverse effect on the prices we
pay at stores? Yes it is true. They cause store prices to rise.
Allow me to explain.
The inverse relationship: What happens is this, a thief
steals a good and it becomes theirs illegally. But this is not the end of
the trouble they have caused. As such, the store owner has to somehow
make up for that loss. So what is a store owner to do in an event like
this where they have to recover that items value monetarily? Well they
can do any one of a combination of three things:
1) Take a pay cut and make it an
acceptable loss. This means the store owner lost money on their own.
2) Cut the wages of their workers.
This is typically a last resort, but a viable and sometimes used option if
thievery is so bad that they cannot make up for the losses they are receiving.
As such, thieves are robbing the workers too.
3) Then there is raising store prices to
recover the costs. This is typically the second to last option, but
unfortunately used to divvy up the cost burden on the people who buy goods.
So in this sense the thief is now making the goods you wish to buy more
unaffordable for the rest of us and therefore stealing from all the customers
as well.
So this is it, the thief not only steals
from a store owner, but is stealing from the workers and from you and me as
well.
Conclusion: So thieves have a bigger effect on
our own pockets as much as they do on the owners who own their businesses.
So it is a sad relationship, which unfortunately causes blame for higher
prices and lower wages on the owner when it is not in totality their fault.
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