Earlier quoted context omitted.
The steelman is that by lowering the cost, more pets can afford better food than what they currently eat. No comment about whether that is reflected in the consumer facing price or in profits.
> The steelman is that by lowering the cost, more pets can afford better food than what they currently eat. No comment about whether that is reflected in the consumer facing price or in profits. For your steelman to be relevant it would have to be reflected by lowering the price, otherwise they're just making the product worse for no customer benefit whatsoever and hoping customers take a long time to notice. And if…
Let's make quality the norm again
411–420 of 505 posts
Re: Let's make quality the norm again
#412Earlier quoted context omitted.
There’s a special place in hell for people who would buy a dog food brand only to make worse dog food…
> There’s a special place in hell for people who would buy a dog food brand only to make worse dog food… And yet countless millions of people basically say nothing about how the food they eat is produced.
Re: Let's make quality the norm again
#413While 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.)
Video games are a good example of an area where the pricing makes no sense. Inflation has risen, and they make like $20 or whatever off a brand new game in 1990s bucks. Video game prices will go up more and more, it also kind of explains to me why prices rarely drop below $59 anymore, used to be on Steam some AAA games could be snagged up for $20 after a year, now you can barely find them on reasonable sales, they ho…
Problem is gaming is now relatively mature and competing with other media for attention and so you either need to cut production cost or raise prices.
Re: Let's make quality the norm again
#414Earlier 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…
Yeah. On various "Buy it for life" forums it's a daily occurence that someone mentions a brand they bought 5 years ago and then someone chimes in that they were sold or restructured last year and now it's no longer "buy it for life". Some brands kind of split up so products sold in one market is cheap knockoffs while products sold in the home market is still high quality manufactured at the old factory with 100 years…
Re: Let's make quality the norm again
#415Earlier 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…
It really pisses me off there are used car lots that obviously prey on the poor. I asked for their cash price and they wouldn't give me one, or it was ridiculously priced. They just want for people to pay off a debt and all the interest that goes with it.
Re: Let's make quality the norm again
#416Earlier 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.
Re: Let's make quality the norm again
#417While 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.)
Walmart used to be (and maybe still is?) known for doing this. They would get companies to produce lower-quality versions of products under the same name as the standard versions available elsewhere. They could sell them for cheaper and consumers were none the wiser - or so the theory went, anyway. Obviously people caught on.
Re: Let's make quality the norm again
#418While 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.)
Problem is, you pay 10x for shirt that is made in the same factory as the cheap shiry, just has a different logo.
Re: Let's make quality the norm again
#419Earlier quoted context omitted.
Sure, streaming services usually don't have ads. But you're paying a lot of money for specific content there. I'm talking about normal web page stuff. And if you're not seeing ads there, then either you go to very few normal web pages or you're using an ad blocker. Ad blocking is useful but it's not a solution. I want a way to distribute a reasonable amount of money across the sites I visit in exchange for no ads, bu…
Well depends on your idea of “a lot of money”, but guven advertisers make a profit from me I suspect I’m actually saving money. Personally I value the time saved far more than the 2% of my income I spend on streaming subscriptions.
Re: Let's make quality the norm again
#420Earlier 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…
Worker owned cooperatives could be a reliable indicator however i'm not sure there are many examples of this being scaled upwards, like could an airline do that? Could they even have an option for a worker owned company provide an alternative for everything in the economy? You need capital to make a competitor and all the capital is rapidly being sucked up by the people enshittifying everything. The answer probably l…