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> > Think about it: Every business, from tiny boutiques to online giants like Amazon, tell you exactly how much each of their items costs. Why shouldn't it be t
by AussieWog93 5y ago
> > Think about it: Every business, from tiny boutiques to online giants like Amazon, tell you exactly how much each of their items costs. Why shouldn't it be the same when we're shopping for a job?
I think even the rhetorical question is flawed. Retailers will always display prices, but almost never give you enough information to calculate the actual cost of owning the asset (ie, depreciation).
Will the product break after 2 years of typical use or 20? Can it be serviced? How much does the service cost? How much will the service extend the life of the product by? What is the resale value of the product? How often do I need to replace consumables? What is the running cost of the product (to be fair, large appliances do display this and cars will advertise mileage data)?
If anything, being transparent in terms of purchase price but failing to provide a whole picture of the economics of owning a product has lead to a reduction in the durability of consumer goods. I know my business (online video games store) has started selling lower quality products in response to consumer demand.