4 ms·
It's not about the difficulty of raising prices, it's about the impact to the bottom line profit to shareholders when a few cents is extrapolated over a billion
by mikelyons 7y ago
It's not about the difficulty of raising prices, it's about the impact to the bottom line profit to shareholders when a few cents is extrapolated over a billion transactions.
- Buge 7y agoThe percent impact would be negligible, I expect lower than daily fluctuation. Anyway, the law isn't just designed to protect shareholders, it's designed to protect everyone. If someone can make money by fraud, that money is not justification to allow fraud. The US economy relies on dependable contacts.
- Supermancho 7y ago> Anyway, the law isn't just designed to protect shareholders, Which law? "The Law" as an ideal, is impartial. That's irrelevant. In practice, applied law (and the cousin enforced law) leads to biased results, favoring the wealthy and the status quo while remaining "impartial".
- Buge 7y agoOk, then "the law shouldn't be just designed". We shouldn't let a defeatist attitude discourage attempts at improvement.
- Supermancho 7y agoNor should we pretend "the law" is perfect in application and outcome...or why would anyone try to improve it?
- uoaei 7y agoPercent impact is non-negligible when you consider the impatience of the average consumer.
- Buge 7y agoI was thinking Amazon would raise prices slightly, not make stuff slower.