Thread: Price Increase
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Old 01-01-2012, 09:27 PM
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twobjshelbys twobjshelbys is offline
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It's all about margins. A manufacturing business needs about 20%+/- to be sustainable. So you can either reduce your costs or increase your price. With the cost of raw goods going up (go ahead and continue drinking the government "inflation is under control" kool-aide) there only seems to be one option.

My estimate for inflation is something like 8-10% instead of the government advertised 2-3%. Most of it is health care and fuel being passed through. I haven't had a raise in 3 years (adjusting our salaries downwards) and even if I did my health care costs have gone up about 30%. That's about a 15% over all pay cut. And everything I buy gets more expensive. Bought a jar of peanut butter lately?
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