Ways that shoplifting affects the economy
Shoplifting hurts more than the stealer. It strains the police and court systems, increases costs for the store that leads to the prices on the items at the store to rise.
Stores don't lose money - instead they put their rates up to cover the losses. Where companies are insured for losses, the insurance company ends up increasing its rates - which then mean that those costs are passed on to the consumer. In other words, the cost of theft is passed on to you and me - we end up paying extra for everything to cover the cost of items other people steal. The economy as a whole is impacted because overall theft drives up the prices of all goods.
The invasion of privacy by the security measures to consumers when shopping in stores.
Shoplifting has an effect on the economy for many reasons:
When items are stolen the store must take the loss or pay for insurance to cover shoplifted items. A business may have to hire security guards to help protect the store. A business may purchase surveillance products to help prevent or catch shoplifters. All kinds of items are tagged with different kinds of devices to hinder shoplifting. All of the above cost money, time, paper work, which is added into the price of the product.
You also have these things to consider:
Police officers must detain and arrest thieves. For minors, officers must locate parents in order to release the teen shoplifter into parental custody. Parents must take time off work to resolve the situation. Adult criminals may spend time in police custody during booking and sentencing. In addition to filing reports in cases involving minors, police and court officers may need to conduct interviews with parents, school officials and neighbors. Shoplifting places additional burdens on law enforcement efforts paid for through local and state tax revenues. An increase in law enforcement activities ultimately affects tax payers. All of this cost most money....