yeah, i remember reading that a bakery that bakes bread for $0.60 per bun today wouldn’t even have to increase the price to $0.61 if the price of raw wheat doubles. that’s how low the share of raw resource cost is in an everyday’s item. was crazy to me to read this.
ofc, paying people is the highest expense almost everywhere
yeah, i remember reading that a bakery that bakes bread for $0.60 per bun today wouldn’t even have to increase the price to $0.61 if the price of raw wheat doubles. that’s how low the share of raw resource cost is in an everyday’s item. was crazy to me to read this.