This should come as no surprise. When businesses are forced to pay higher wages (or if their costs go up in any way) they will then have to pass that cost on to customers. Simple economics 101.
Despite this extremely basic fact, Democrats continue to remain oblivious. And this sort of thing is only the beginning if liberals remain in power.
President Joe Biden’s 30 year-high inflation has caused Dollar Tree to raise prices by 25 percent on the majority of its products, the company announced Tuesday.
After 35 years of offering consumers, often “low-income consumers,” everyday products for just a dollar, Dollar Tree customers will have to fork over 25 percent more money, or $1.25, to purchase the majority of goods sold in Dollar Tree stores.
“We experienced a strong finish to the quarter, as shoppers are increasingly focused on value in this inflationary environment,” President and CEO Michael Witynski stated. “Our Dollar Tree pricing tests have demonstrated broad consumer acceptance of the new price point and excitement about the additional offerings and extreme value we will be able to provide. Accordingly, we have begun rolling out the $1.25 price point at all Dollar Tree stores nationwide.”