Time to increase rates...

For the company where I now currently work, technically, the list price has gone up. But due to competitive pressures, the sale price has not increased in 10 years on any of the SKUs. The customer just receives a “larger” discount.

Our margins have pretty much also have remained unchanged. This was accomplished mostly by process improvements - investment in automation (bought with cash reserves instead of borrowing), and somewhat by engineering improvements to reduce part cost and cycle times.