LogFAQs > #976886558

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Topic	The economy grew by 4.9% last quarter
1337toothbrush 10/27/23 10:07:26 AM #52:	R_Jackal posted... It's because companies figured out during COVID that people have no self control and will just continue to buy and spend even if they're broke as hell, so there's no reason to hold back on profiteering. Not quite. It's more like they had an excuse with "supply chain issues" and then vague notions of "inflation" combined with industries only having 2-3 big players that can easily all increase their prices without getting undercut. Even with unit sales number down, revenue is way up. Even if people practice "self control" others will purchase for one reason or another (e.g. their car gets totaled). It's why "voting with your wallet" isn't really effective. Just take a look at tuition revenues which are way up even though enrollments are significantly down: https://myelearningworld.com/college-enrollment-tuition-revenue-2023/ The only reason egg prices came back down is because it was so blatant and under more scrutiny to the point that the government was forced to step in. Self control had nothing to do with it. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:976886558] in The econom... [t:80603584]...</cite> <quote>R_Jackal posted... </cite><quote>It's because companies figured out during COVID that people have no self control and will just continue to buy and spend even if they're broke as hell, so there's no reason to hold back on profiteering.</quote>Not quite. It's more like they had an excuse with "supply chain issues" and then vague notions of "inflation" combined with industries only having 2-3 big players that can easily all increase their prices without getting undercut. Even with unit sales number down, revenue is way up. Even if people practice "self control" others will purchase for one reason or another (e.g. their car gets totaled). It's why "voting with your wallet" isn't really effective.Just take a look at tuition revenues which are way up even though enrollments are significantly down:https://myelearningworld.com/college-enrollment-tuition-revenue-2023/The only reason egg prices came back down is because it was so blatant and under more scrutiny to the point that the government was forced to step in. Self control had nothing to do with it. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg</quote> ... Copied to Clipboard!
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