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It's not correct to say that prices never fall. I purchased 5 mbps fiber from Verizon when it was brand new - $60 / month in 2005, I think. Today, Comcast's bot
by will4274 7y ago
It's not correct to say that prices never fall. I purchased 5 mbps fiber from Verizon when it was brand new - $60 / month in 2005, I think. Today, Comcast's bottom tier is 15 mbps, at $30 / month. DSL-speed internet (768 kbps) isn't even available as an option.
The market might not function as competitively as it should in the US, but it still functions - new, cheaper tech eventually results in lower prices for consumers.
- reaperducer 7y agoMy experience has been different. I was going through some old papers a couple of weeks ago and found some bills. My cable ISP bill from 2002 that I found was $103/month after taxes and fees. Seventeen years later, I pay $106/month. Back then, the only other choice I had for internet was dialup. Today my other choices include DSL, fiber, and fixed wireless. So, I have more competition now; but I don't have a lower bill.
- jfim 7y agoThat's cheaper, if you take into account inflation.