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Exactly this. Plus, I didn’t see “profit” mentioned anywhere in the costs, and the article also touches upon the (mostly obvious) fact that for high margin good
by yunohn 6y ago
Exactly this. Plus, I didn’t see “profit” mentioned anywhere in the costs, and the article also touches upon the (mostly obvious) fact that for high margin goods this would impact them negatively.
- tdmckinlay 6y agoThe effect was tested on profit margins as low as 17% and as high as 55%. Outside those ranges it's unclear if it will still work.
- yunohn 6y agoI understand, so maybe my critique was a bit of my personal views. Rather I meant that it’s a bit odd that costs are clearly specified, but the consumer has to calculate the profit themselves. In my mind, that actually makes it less transparent as high profit margins are what drive the crazy capitalist market we have today, and associating small values to material and labor doesn’t make me feel better when the profit is the “artificial” portion of my purchase price.
- mitchdoogle 6y agoI think the assumption is whatever the difference in what the item costs vs the total listed on the package is the profit