By Craig Erwin, Ph.D.
Inflation is forcing dollar stores to raise prices just when customers can least afford it. Supply chain bottlenecks drive up prices and make it hard to keep goods on shelves. It’s also hard to keep stores staffed because workers quit to pursue better opportunities in a tight labor market. Some stores offer raises or other incentives to try to hold on to employees. With runaway inflation, supply chain bottlenecks, and high employee turnover, dollar stores will soon be $2 stores.
Do you shop at dollar stores? If so, have you noticed empty shelves and price increases? Are you struggling to make ends meet? If so, what strategies do you use to save money and maintain your standard of living?
For more information on inflation, the labor market, and supply chain challenges, clink on the following links: