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Everything can be compared to the basic ( water - flour - milk - eggs - chicken )
If a chicken is 10$ and full roasted chicken is 12$ and a burger is 15$ you know it is a scam.
If 1 kg of flour is 2$ but a small piece of bread is 7$ you know it's a scam..
Coffee is a good example, single origin roasted coffee beans with 300gm is 17$ you can get 15 cup of it. That's rounds up to 1$ per coffee cup. If you the coffee in a store cost more than 2$ you know it's a scam. But you can take into account other expenses ( staff - settings - experience) and decide based on that
This is ignoring labor costs and possible artisan experience, depending on where you buy bread. Also funny because paying $2 for a kg of flour would be a crazy scam; that's more expensive than even the some of the fancier flour brands, which already 3x base price
Case in point. If you're buying a 2 pound flour bag you're scamming yourself lol
His whole argument ignores labor costs.
Every cost is labour cost in the end. It's a bit off topic but was a interesting realisation for me. Every time you pay something you pay for another human's labour in the end.
nope. you also pay for the right to extract materials out of the ground (mining rights). that is typically a tax, paid to the state or local community.
and then there's company profits. where do these go?
When you pay rent. When you pay the bank. Most of paying is for labor, yes, a crazy amount more than most people realize. But the wealthy skim some off the top, and that portion isn't paying for labor.
Not only that, but you have to pay for their knowledge and expertise. Can my son do my job? Sure, because I trained him. Can he do it as good as I? Not even close, nor can he do it near as fast. When we go someplace that has a higher cost, but, let's just talk food, the quality of cooking, technique, etc is better, it's worth the extra cost, to a point. There is definitely the pay me more mentality in many places, but there is also definitely value in much of it.
Let's talk chicken. If you offer me a butchered chicken done by someone that was hired last week and it's being paid as such, compared to one that was prepared by a person that has been doing it for 10 years, but there was a 10 or 20% cost difference, it would be well worth it to pay more to make sure the job was done correctly.
Isn't that just a justification for more expensive labour? (Like it's totally justified but it's still a labour cost)