I must wonder how often increased retail service pricing results in
actual benefit to the ones doing the work, the bench jewelers.
Retail jewelry businesses offering repair and associated service
often choose to use the Geller price book to set prices. Well
studied and presented, this guideline isa valuable asset to the
retail shop owner. This guideline offers the results of time studies
based on wages paid.
When service prices are raised, based at least in part on time study
guidelines, what of the bench jeweler who sees wages stagnated? Has
the cost of doing business risen enough to justify the higher
service prices while the jeweler gains nothing more? Isn’t the
jeweler’s wage part of the pricing equation?
I am curious to know if retail jewelry businesses who have increased
service prices according to the popular guidelines have maintained
up to date wages of the bench jewelers as well.
I do realize with lagging sales currently experienced by some
businesses wage increases are the last consideration.