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  2020-06-23

  Fierce competition in the marketplace

  A meme posted about the cutthroat labor system in Peru, it's true that there's a lot of competition in certain sectors. In some cases, vendors barely make a profit because everyone is trying to offer the lowest price just to make the sale. I often had this conversation with my mother in law who sold clothing on consignment, I understand that consignment is a normal practice, but if you have to take a bus/taxi to someone's house 3 or 4 times to collect installments, the minimal profits you were making are essentially erased. Now that Peru is allowing some vendors to start selling again, it's once again a volatile and competitive environment because so many people have been without work and the basic necessities.