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this post was submitted on 07 Aug 2023
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I would imagine part of it is related to the same reasons why my business’s prices are still high: rapidly rising insurance and increased costs of materials due to supply lines that were negatively impacted due to the slow down that was caused by COVID.
I’ve had literally dozens of customers in the last two years look at my quotes, balk and then go shopping for a better deal only to come back to me when they realize this is the new normal. Then they have to deal with the fact that contractors like me are booking new projects for 2025-26.
See I have a feeling the bullshit is coming further upstream. The core providers are using covid to gauge business further down, then the smaller businesses are passing on the cost and in some cases adding even more on top because of "covid".
The whole thing smells to high heaven as the assholes at the top are making money hand over fist.
The buyer sets the price. Inflation tells half the story, but the other half is that the people generally believe that things like food are worth more now. When the Ukraine conflict began, people started seeing famine as a real threat, which put them in "Oh shit, I'd better not take this thing for granted anymore!" mode.
I think your comparison of your industry to the grocery industry likely isn't particularly akin, the grocery industry is much more...peculiar, or at least idiosyncratic than most, which is illustrated by the price of groceries not being in line with inflation.
In what way?
Frankly, the grocery industry is one of the least idiosyncratic markets around.