this post was submitted on 02 Feb 2025
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[–] SkunkWorkz@lemmy.world 2 points 5 hours ago* (last edited 4 hours ago)

And meanwhile many small businesses will go down since they don't have the bargaining power like their bigger competitors. The rising prices of their suppliers will completely wipe out the tiny margins they had. Even if they raise their prices their competitors can undercut them even more aggressively now. Also quality and quantities of products will go down.