https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1 Group voices en-us 2021-09-29 03:00:46 UTC 2026-03-10 23:08:33 UTC hello@padlet.com chia_yen_har_junice https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776673915 DECISION: No to price increase
Govt:
Consumer:
Business:
Lower-wager earner:]]> 2021-09-29 03:04:06 UTC https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776673915 https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776809178 decision : no
govt: people will get angry at the govt
consumer: the extra profits might not go to these workers and might be pocketed by the company
business: if price increase, may loose customers which causes loss of profit. Might even result in pay cut
lower-wager earner:if price increase, he would also have to pay for stuff with the price increase. Everything would cancel out]]> 2021-09-29 04:04:46 UTC https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776809178 https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776814174 Final decision: No to price increase.

The Government: No to price increase. The citizens and consumers will not be happy at the government.

Consumer: Asleep, have not received any input from him.

*Update*: The consumer has said "No, do not increase the price and do not touch the cost of my curry puffs."

Business:  No to price increase. Price increase may lower the amount of consumers; which in turn, would lead to even more profit loss on top of the profit loss due to wage increase.

Lower-wage earner: No to price increase. "Even if my wage is increased, the cost of living will be increased. Therefore, there is no point."]]> 2021-09-29 04:07:27 UTC https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776814174 https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776815425 DECISION: No to price increase
Govt: Lower prices instead, and then taxing more. If everything costs less living costs are less, therefore lower wage workers need less money to live, lowering minimum living costs. This boosts economy, thus attracting even more foreign investors and companies to come to Singapore, increasing the demand for manpower causing competition for manpower, causing companies to increase pay. This lets us tax more, and add more tax policies like living tax, existence tax, family tax, breathing tax. If you give government workers avoidance from this tax, the government will get more workers, and costs keep lesser. Also, the tax money will be much more compared to the reduced price, causing government agents to exploit the money and become rich.

Consumer: Dont increase, lower price so everything is cheaper
Business: Increase price, but do not hire more people. Instead, only keep the elite veterans, while firing the rest, being able to give them a higher wage. To make up for manpower, accept interns for free for a long period of time, but once it is over instantly fire them. This lets us keep the money to pay workers more.
Lower-wage: Increase prices to earn more money. Even though living expenses increase, the income I earn would increase while having less work as the higher price deters people]]> 2021-09-29 04:08:03 UTC https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776815425 https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776816192 DECISION: No to price increase
Govt: No, price increase less people to buy the product.
Consumer: No, 'altruism' increases with comfort of living. Living expenses in Singapore is no representation of disneyland. The increase of prices might also lower Singapore's birth rate because as a consumer, I won't be reminded of the breeze of keeping children. Consumers look after themselves. No.
Business: No, people will buy less, less money earned
Lower-wage earner: Yes, need increased pay]]> 2021-09-29 04:08:27 UTC https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776816192 https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776818087 DECISION: No.
Govt: no one would be happy about this
Consumer: no
Business: it does not benefit the company at all. if the prices of goods increase, lesser consumers would not be willing to pay for it, leading to lesser profit
Low-wager earner: makes no difference whether there is an increase in price or not; low-wager may earn more now, but they will also have to pay more.

]]> 2021-09-29 04:09:28 UTC https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776818087 https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776821254 Final decision: Increase the price of goods

Decision price to not increase
Consumer: consumers will be affected and there will be more equity. This is not good as capitalism derives on the idea of inequity

Decision price to increase
Govt: Can increase the price to help lower wage workers with restrictions make by the government to meet consumers needs by subsidies from the government
Businesses: More money paid = higher salary

Maybe:
Lower-wage workers: If the food and other expenses increases to have their income increase, they would still have to increase their spending cause of the increase in prices which may lead them to still not have enough for their income.]]> 2021-09-29 04:11:08 UTC https://padlet.com/chia_yen_har_junice/zyon8f0mm7u9f0i1/wish/1776821254