Most, gifted with the slightest grip on the basics of economics, pick up on the fact that producers of widgets (and the like) are driven by the prospect of profits (a motive lost on Labor/Green apparatchiks), which, in turn depend upon input costs.
For widget makers, butchers, bakers and the like, drive up input costs and, all things equal, their profits will fall; and their ability to invest in their business and employ people will drop off, too.
Where the item is high on the list of inputs, a jump in its cost may see that business, or even whole industries, collapse; as they end up insolvent.
As just the most glaring example, where the input is electricity, industries that use stacks of it – like manufacturers, miners and mineral processors – have been literally crushed, as power prices have skyrocketed; thanks to wind power subsidies and the additional and…
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