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This is capitalism 101. Funny thing is, my parents (who are both near-retirement service providers in their own professions) won't adopt such a model in either
by dotBen 16y ago
This is capitalism 101.
Funny thing is, my parents (who are both near-retirement service providers in their own professions) won't adopt such a model in either direction (raising their rates or decreasing their rates based on workload).
They also just recently chastised my brother (who is in his mid-20s) for doing an arbitrage play where he could get a plentiful supply of iPad 2's on discount and sell them above market rate on eBay.
Threads like this remind me that I wasn't bought up in a capitalist family.
- _delirium 16y agoMost of my generally very pro-market older relatives are actually kind of squeamish about that sort of thing, oddly enough. They're probably more libertarian on government and regulation than most younger people I know, but much stronger on a "fair price for fair work" sort of ethic, where they look down on arbitrage-type plays, and on charging too high markup above cost + moderate profit. To them, running an "honest business" that charges reasonable prices, based on hard work, and doesn't engage in any trickery, is what American capitalism is supposed to be about (in a mid-20th-century white American middle-class view of capitalism).
- jules 16y agoMy parents are very much left wing but have no problem with arbitrage (unless you rely on people's lack of knowledge or on their stupidity to pull it off) or charging market prices.
- deleted 16y ago[deleted]
- rick888 16y ago" that charges reasonable prices, based on hard work, and doesn't engage in any trickery, " How is buying low and selling high 'trickery'?
- julien_c 16y agoDon't ever regret that.