If a bill requiring 10% discounts at self checkout comes into law, they will all think the same thing: Increase the prices so the price at self checkout is the same, and people have to pay extra for a cashier.
The only way to realistically encourage corporations to reduce their margins within the current system is by establishing an alternative which is cheaper, and thus acts as competition which pushes the price down. So basically what Mamdani is doing with city-owned grocery stores.
The same goes for housing. Provide decent but simple housing at low rates, and the slumlords will either need to lower their margins or compete on quality instead.
If a bill requiring 10% discounts at self checkout comes into law, they will all think the same thing: Increase the prices so the price at self checkout is the same, and people have to pay extra for a cashier.
The only way to realistically encourage corporations to reduce their margins within the current system is by establishing an alternative which is cheaper, and thus acts as competition which pushes the price down. So basically what Mamdani is doing with city-owned grocery stores.
The same goes for housing. Provide decent but simple housing at low rates, and the slumlords will either need to lower their margins or compete on quality instead.
I mean when it comes to grocery stores, most have little profit margin to begin with.