Earlier quoted context omitted.
For product quality and ads, 90% of the time you don't really have options. For the former, it's so hard to figure out which product is 15% more expensive because it reinforces the weak points and lasts 3x as long. For the latter, YouTube premium is great but I can't get anything like it for banner ads. Most sites have mandatory ads and almost all the rest want dollars to turn off pennies worth of ads.
The only time I ever see ads are at the cinema. I see people talking about them but I have been out of the loop for well over a decade. No adverts on Netflix, bbc, Disney, YouTube, paramount, Spotify. I cancelled Amazon because they added adverts.
Let's make quality the norm again
311–320 of 506 posts
Re: Let's make quality the norm again
#312Earlier quoted context omitted.
A buddy of mine paid a premium to get some fancy umbrella with a lifetime warranty. It had a failure at some point, they replaced it with a worse quality one. Another failure, and he got another step down in quality. So, the company kinda honored the contract.
There is also other tricks I fell for. I think I saw a recommendation for Travelpro on Buy it for life(Its been a while so dont remember fully). Nice luggage but expensive. I took a risk and bought it. I received it the day I was rushing to travel and there was some "registration card" that you had to fill out by a certain time that unlocked lifetime warranty else you were stuck with a shorter limited warranty. That…
Also, Travelpro Platinum suitcases aren’t the cheapest… but how much do you think is so expensive? Sales should put them sub $200, maybe less if you bought awhile ago.
Re: Let's make quality the norm again
#313Earlier quoted context omitted.
Both historical socialism and current-stage capitalism suffer from the exact same problem - lack of competition and limited access to information. They arrived there in vastly different ways but in both cases it's very hard both to know how to obtain higher quality goods, and to actually obtain them once you know how. Compare to 1960s USA where it was quite easy to know which car/drill/grill/TV/pants/table/etc. is gu…
I lived through the 60s and know what the goods were. TVs, for example. They had tubes then, and crummy B+W pictures. They were constantly going on the fritz, to the point that drugstores had tube testing stations. You'd bring in the tubes from the TV and test them in this device that looked like an arcade game, and buy replacements. Cars then required a lot more maintenance then. And I mean a lot. I've owned and rep…
You could get the cheap stuff, or you could get the quality stuff, and you knew which is which. Neither of these is true nowadays.
Re: Let's make quality the norm again
#314While it does relate to price discovery--i.e., some folks just aren't willing to pay for an additional unit of quality at 10x--my theory is that the decline in quality is another hidden form of inflation. Thing continues to cost X even though regulations have increased costs Y, ship production to China and scrimp on the inputs. (Or have market forces do that for you.)
If you watch The Price is Right episodes from the 80s, it is clear that household items have only had mild inflation. Many items are prices a little lower than today but not outrageously so. On the other hand, the quality of the items is often much nicer. So someone might win a $500 desk, but that desk is hand-made out of hardwood. Today you can still buy a $500 desk but it will be IKEA quality. A product of comparab…
You mentioned household items: This is a combination of two things:
1. Improved QA & reduction of parts thanks to the miracle of Moores law. Ex: a TV used to be a huge collection of boards each doing its own function (power, tuning, picture control, audio). Nows its 1-2 board(power + everything else) with typically one big chip doing everything. Less parts = less chance of failure and each part is QA better thanks to software/industrial automation.
2. These things are benefiting from the low cost of living in places like China. As those countries increase their wealth and alternatives are not found this disparity disappears and you finally pay the real cost of the item but you still benefited from Moores law.
TVs deflated insanely, other appliances less so but it averages out to 0 again thanks to Moores law.
Now look at a desk. The only way it benefits from Moores law is possibly via assembly and techniques used to reduce waste. That probably where IKEA's excellent ability to turn sawdust + glue into furniture comes from. That is real value that is returned back to you in the form of similar raw numerical prices as old wood tables from decades ago.
Machinery can automate the creation of a table made out of what is technically "wood" (sawdust was at one point wood wasn't it?) and computer software allowed designers to create appealing designs and more easily optimize them to target that same number people paid in the 70s(even though it isnt the real number inflation adjusted).
An old table used real wood that probably came from an old growth tree that no longer exists because the value came from decades (or centuries) of "work" done by nature. Exchanging money for that same amount of value that would reveal the diminished value of the currency if you were to get that same thing today. You cant exchange the exact dollar amount and you are not feeling that the modern IKEA take is an improvement/equivalent over the old growth wood.
Essentially the free market could not make a 1-to-1 replica/improved product using something like moores law so that same value costs more today. That difference in quality between the Ikea table and the old wood table is still there its just that most consumers dont see it or dont want to see it since they may not be able to afford the old style of table.
>Airline tickets are a very clear-cut example of this. Tickets are cheaper than they were in the ‘90s (even with inflation) but you get a lot less for that ticket than you did 30 years ago
This is a mixed bag in my opinion:
Airlines have benefited from Moores Law. I watched so many "aviation" youtube channels and my god, the accidents from the early days of aviation are truly nightmare inducing and heartbreaking tragedies. Today thanks to computerization(Moores law), pilots are so much better trained, airplanes are so many orders of magnitude better in terms of safety and fallbacks and fuel is reduced as a result of all of this technology as well. This helped cut costs and also allowed Airlines to provide more classes of service. If you fly first class all in, you get service closer to what you got 30 years ago because you are paying for the same value as 30 years ago.
At the same time, fuel itself comes from a non-renewable resource that included dinosaurs, sea algae, and plants that spent a lifetime doing the work to accumulate energy from the sun and then be stored in a format that can be exploited centuries later. You life's comforts comes from all that work done centuries ago and its not unlimited. Thus as fuel becomes harder to get, the numerical dollar amount goes up and is reflected in tocket costs. Its just that the other reductions didn't make it as evident.
As a side note with the Iran war and the loss of companies like Spirit, more are now being exposed to the fact that todays dollar isn't the same as yesterdays dollar. Those low cost options are just going away because finally the free ride given to use by cheap fossil fuels is going away and things like moores law have already reached the limit of where you can add value to keep the number close to the 70s dollar number.
Re: Let's make quality the norm again
#315Earlier quoted context omitted.
“My ad watching gives them a few cents” I don’t think this is remotely true for most major ad-tech services. For U.S. users, Google and Meta average several hundred dollars of annual ad revenue each. To replace their ad revenue you would need to charge ~$30+ a month for the service.
Interesting, yes. I put my approximate youtube numbers into chatGPT and it estimates $2.40-$9 a month, so at most I'm earning them on par with their cheapest offering.
Re: Let's make quality the norm again
#316Earlier quoted context omitted.
Yes, this is quite common and is usually referred to as "it's expensive to be poor". That said, unfortunately these days it's very difficult to know which brands are still actually quality anymore and which are the ones still coasting on previous good engineering reputation while currently shipping substandard crap to make an extra buck for the bean counters in charge before the ship sinks.
Everything has become a lemon market: https://en.wikipedia.org/wiki/The_Market_for_Lemons Even if a brand stays solid for 100 years, for all I know as I'm standing there in the store deciding whether to buy something, private equity bought them two quarters ago and hollowed them out. Harvard MBAs/private equity sees brand reputation as just another resource to be converted into money. If I were a billionaire my dream…
Re: Let's make quality the norm again
#317Earlier quoted context omitted.
Everything has become a lemon market: https://en.wikipedia.org/wiki/The_Market_for_Lemons Even if a brand stays solid for 100 years, for all I know as I'm standing there in the store deciding whether to buy something, private equity bought them two quarters ago and hollowed them out. Harvard MBAs/private equity sees brand reputation as just another resource to be converted into money. If I were a billionaire my dream…
One signal (not fool proof, but often a good signal): what length of warranty do they offer? If some brand has a warranty significantly above the average for the product type, that can be a good sign. And I'm not talking about offering extended warranty programs or such here. Just the basic warranty everyone gets when they buy the product.
I believe Costco requires their vendors to eat the return if they want to remain a vendor. Doesn't meant that Costco is immune to bad products, but it severely punishes vendors that sell garbage and protects customers.
Re: Let's make quality the norm again
#318Earlier quoted context omitted.
There is also other tricks I fell for. I think I saw a recommendation for Travelpro on Buy it for life(Its been a while so dont remember fully). Nice luggage but expensive. I took a risk and bought it. I received it the day I was rushing to travel and there was some "registration card" that you had to fill out by a certain time that unlocked lifetime warranty else you were stuck with a shorter limited warranty. That…
Yeah, if you wanted a proper BIFL suitcase you needed to spend even more and get a Briggs and Riley suitcase. Also, Travelpro Platinum suitcases aren’t the cheapest… but how much do you think is so expensive? Sales should put them sub $200, maybe less if you bought awhile ago.
At the very least my expectation was that by paying this much i'd finally be end of the company BS. For example with almost all Apple products they have been BS free in the sense that they are made to consistent quality standards, returns, and service cannot be any more straightforward, the product portfolio is super clear, you can easily buy from them at the same price they sell elsewhere (within reason) and not various reseller or third parties that might play tricks and even if you do Apple handles service and warranty. And so after a lifetime of buying PC/Android after experiencing this BS free life I conditioned myself to accept the added cost of Apple and reduce spending elsewhere.
The tactics I described earlier are indicative of a unserious company playing games. Stuff I expect from bottom of the barrel junk.
In regards to sales, I've looked at the price history of this product. (Here: https://i.imgur.com/BQOcRLk.png) The price you indicated last occurred in the middle of the pandemic which for obvious reasons seems like an outlier. To be fair I bought during the height of the return to travel period but even now post all this inflation the price is a solid 390$-400$ now.
I only travel 2-3 times a year and so at this price I expect this luggage to last quite a while(at least a decade no?) but if another mishap happens well then I might have to walk away burned and wondering, what was the point?
Re: Let's make quality the norm again
#319Earlier quoted context omitted.
Yes, this is quite common and is usually referred to as "it's expensive to be poor". That said, unfortunately these days it's very difficult to know which brands are still actually quality anymore and which are the ones still coasting on previous good engineering reputation while currently shipping substandard crap to make an extra buck for the bean counters in charge before the ship sinks.
> difficult to know which brands are still actually quality anymore I haven't verified its accuracy, but I had a tab open for this from HN a while back: > The Brand Ledger tracks 397 brands, from the tools in your garage to the pans in your kitchen. Who owns them, what they used to be, whether they're still worth buying. https://ledger.worseonpurpose.com/
Because my experience is that most popular brands in those industries have really gone downhill, and it'd be lovely to track which ones are even remotely edible anymore.
Re: Let's make quality the norm again
#320Earlier quoted context omitted.
> it’s expensive to be poor https://en.wikipedia.org/wiki/Boots_theory “The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. ... A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. ... But…
I don't know why people keep posting that silly quote. Outside of fantasy novels, in the real world the most expensive footwear is often the least durable, and you can get decent boots at Walmart for <$50 on clearance sales.