LogFAQs > #968503560

It is indeed horribly naive to believe that potential savings from lower wages would be passed on to the consumer. That's just not how companies work, especially large ones. When their costs go up, prices increase to match (as much as the market will bear), but if costs go down, prices will generally stay the same and they'll pocket the difference. Once consumers are used to paying higher prices, there's relatively little incentive to bring them back down because people aren't going to buy more in response.