<prompt> Human: My wife is a stylist and has been for several years. She is self employed rents a chair at her salon and rarely increases her prices. She is generally booked 100 every day she works 4 days a week, and typically works 10-12 hour shifts. This year we talked about her raising her prices. My question is two fold:a For those in the service industry that can control their rates, how do you decide what your increases are?b If you go to someone for a service like this, what would you expect to see as an increase?ThanksAssistant: Ive always thought it was odd that we dont question the ever variable gas prices or costs of produce, but when it comes to a service someone provides we break them down to the penny over an increase in cost on our end. Personally, if I went to my current barber, and the price went up 10-25 to a whopping 12-16 I wouldnt even blink an eye, because Ive been going to him for 9 years and because I know he will continue to provide the service Im looking for. Human: If it were 10-25 increasing to 12, thats one thing. But Ive learned women spend a lot on hair, so 10-25 of a 200 service is quite the change. Youre right though that if she provides a good service, her clientele will continue to come to her regardless.  <response>: My hair stylist was charging 40 for just a haircut when I started going to him ten years ago and now charges 80. The increases were about 15 at a time, and I thought that was reasonable. He would typically let clients know a few months before the rate increase took effect, which is probably a good thing for your wife to consider doing. 