• 0x4E4F@infosec.pub
    link
    fedilink
    English
    arrow-up
    17
    arrow-down
    2
    ·
    edit-2
    1 year ago

    I was waiting for my cosin the other day at a bus stop… he arrives, he’s eating a burger. I asked how much he paid for it, he said $3. I just came back from a computer store and bought a 32GB flash drive. Guess how much that thing cost me… you guessed it, $3.

    So, basically, a flash drive that I’m gonna use in the next 3 or 4 years is the same price as a burger that I’m gonna eat and shit out in the next few hours or so.

    IDK about everyone else, but that seems whacked to me.

  • spudwart@spudwart.com
    link
    fedilink
    English
    arrow-up
    10
    arrow-down
    1
    ·
    1 year ago

    Remember:

    Inflation isn’t real, they raise the prices without raising the wages and cry crocodile tears that they couldn’t afford to raise wages as they live in self pity in their previous-year model yacht.

  • WiseThat@lemmy.ca
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    Grocery stores know that when people are struggling to afford to eat, they try to save some money by going for the cheaper brands, which are typically owned by the store. Since the store control all the prices, they are able to jack up the price of everything, making their customers go “wow, food is expensive, better try to bargain hunt more”, and suddenly you’re not buying the competitor bread, now you’re buying Western Family / No Name, and they profit both from the price hikes AND because they grow their market share on first-party goods.

    https://en.wikipedia.org/wiki/Giffen_good

    It’s fucked up that they are allowed to both make AND sell the same products on the same shelves as their competitor’s goods, but that’s because our antitrust sucks.

    There is NO downside for the store when they make you starve, you still gotta eat to live so you’ll pay anything, and these things are all owned by the same handful of megacorps.