10 sats \ 1 reply \ @Undisciplined 26 Sep \ parent \ on: Consumer Spending Warning Signs: Restaurants & Retail Hit the Skids econ
The difference in labor costs and other inputs will play a role. I'm from a fairly remote place, with no significant nearby labor pool and shipping building/maintenance materials is quite expensive, as are food and other supplies. There's also no viable location for a competitor to enter the market.
It's kind of a perfect storm that leads to crazy prices.
Definitely a of these play a very big role. Into the remotest locations in India, the costs are comparatively much lesser. I'm just thinking if only a day India reaches to US standards, the purchasing power of rupee will be 100× lesser from today. Will it not be a economic catastrophe for now very cheap country in comparison. The prices are also rising here for so many things.
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