Imkindaalrightiguess t1_j8dper9 wrote on February 13, 2023 at 3:33 PM

Reply to comment by alc4pwned in Motherboard Shipments Plummet by Ten Million Units in 2022 by Avieshek

Because it's just price gouging bullshit. We've experienced gdp growth while getting robbed.

The avian flu was used as a cover to double the price of eggs.

plummbob t1_j8fqs0l wrote on February 13, 2023 at 11:44 PM

Price gouging would indicate the economy is not in recession

[deleted] t1_j8g368f wrote on February 14, 2023 at 1:17 AM

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plummbob t1_j8g3e0e wrote on February 14, 2023 at 1:18 AM

A fall in demand would mean that firms would loose money by raising prices

[deleted] t1_j8g60az wrote on February 14, 2023 at 1:38 AM

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plummbob t1_j8g69hi wrote on February 14, 2023 at 1:40 AM

Same demand + reduced short term supply = higher prices

If there was a looming recession, we would expect a fall in demand

alc4pwned t1_j8dsued wrote on February 13, 2023 at 3:56 PM

I think you’ve got a really really long way to go from the egg situation to making the case that GDP growth as a whole is solely the result of price gouging lol

Imkindaalrightiguess t1_j8e3gi2 wrote on February 13, 2023 at 5:09 PM

Death by a thousand cuts, not slippery slope.

I'm saying every industry is finding new ways to squeeze their user base.

Attempting infinite growth is a function of capitalism. If you have no market to grow into you wring out what you can from existing customers.

Have you not noticed the rise in cost of necessities, fast food, and housing against stagnant wages?

alc4pwned t1_j8e4mwn wrote on February 13, 2023 at 5:18 PM

Sure. But pointing out that price gouging exists does not make the case that current GDP growth is the result of price gouging. That’s what I’m saying.