The Rising Cost of a Great Clips Haircut
I got a haircut today at Great Clips. In my area, a standard haircut costs $21 before tip, but I had a $3-off coupon so it was $18 today. I usually tip $7 because that's the middle of the three suggested tip amounts. So today I paid $25 out the door.
I tried to find Great Clips haircut pricing info from 2019 but I guess that's hard to find, so I'm just going with my memory. And I believe for several years up until 2020, the cost was around $12 or $13 for a haircut. Let's just go with $13 to give the benefit of the doubt.
When the COVID-19 pandemic hit, the price of everything seemed to surge in a very short period of time and prices really haven't come back down to pre-pandemic levels.
I seem to remember haircut prices jumping to $15, then $17, then $19, and now to $21. So basically, in the span of about 5 years, Great Clips haircut prices have increased almost 62%.
I'm not an economist, so I don't understand all the factors that go into the cost of a haircut. All I know is I get the same haircut now that I did back then and it takes the same amount of time.
I seriously doubt Great Clips employees have seen a 62% increase in pay during the same time period. Is it just the cost of doing business has increased so much? Utilities? The cost of leasing business space? The cost of supplies and equipment?
And haircuts are not the only things that have drastically increased in price over the past five years. Yet wages haven't increased proportionally. Something is wrong.
#100DaysToOffload (No. 111) #business #economy