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What does this have to do with promotions becoming rare? It seems like this would have always been true.

411111111111111 4y ago
> It seems like this would have always been true. Yes, but our society changed to see every inefficiency as a fault to fix, which makes situations like this increasingly rare
- sokoloff 4y ago
  I don’t directly care if a supplier is efficient or inefficient. I do care if they’re competitive (in price, quality, and other measures that matter). It turns out the inefficient places tend to get out-competed and are forced to change or wither and die.
  - ClumsyPilot 4y ago
    > It turns out the inefficient places tend to get out-competed It turns out that a lot of 'efficiency optimisation' is done inconpetently, like removing 'un-needed' parts from a car: seatbelts, airbags - they just add extra weight! Lika federal aviation authority hiring engineers from boeing to check their own work to 'improve efficiency'
    - sokoloff 4y ago
      I think the 73-Max issue is even worse than that. It was likely Boeing DERs (FAA-authorized Designated Engineering Representatives, but employed and paid by Boeing) who signed off on most of the root cause issues.
  - greedo 4y ago
    That's because lean companies can leverage either price, regulatory moats, etc to avoid externalities. JIT has been demonstrated to be incredible profitable in good times, yet extremely brittle in bad times.
    - sokoloff 4y ago
      Yet people flip out over “price gouging” or “greed” in times where demand dramatically outstrips supply. If you want less fragility, there has to be a way to be paid for providing reliable supply in times of disruption.
      - greedo 4y ago
        We invented this thing a long time ago that we call warehouses. We store stuff in them, and when needed, we ship from them to stores. Warehouses are no fun anymore, everyone wants things shipped overnight etc. So they outsource their distribution. Oh and greed? Yup. Look at the profit margins for the Exxon this year. For any of the Fortune 500. Last year and this year will be banner years for big corporations that have raised prices either directly or through "shrinkflation." They're loving it, while consumers get the shaft, and the Fed gets the blame.

> It seems like this would have always been true. Yes, but our society changed to see every inefficiency as a fault to fix, which makes situations like this increasingly rare

sokoloff 4y ago
I don’t directly care if a supplier is efficient or inefficient. I do care if they’re competitive (in price, quality, and other measures that matter). It turns out the inefficient places tend to get out-competed and are forced to change or wither and die.
- ClumsyPilot 4y ago
  > It turns out the inefficient places tend to get out-competed It turns out that a lot of 'efficiency optimisation' is done inconpetently, like removing 'un-needed' parts from a car: seatbelts, airbags - they just add extra weight! Lika federal aviation authority hiring engineers from boeing to check their own work to 'improve efficiency'
  - sokoloff 4y ago
    I think the 73-Max issue is even worse than that. It was likely Boeing DERs (FAA-authorized Designated Engineering Representatives, but employed and paid by Boeing) who signed off on most of the root cause issues.
- greedo 4y ago
  That's because lean companies can leverage either price, regulatory moats, etc to avoid externalities. JIT has been demonstrated to be incredible profitable in good times, yet extremely brittle in bad times.
  - sokoloff 4y ago
    Yet people flip out over “price gouging” or “greed” in times where demand dramatically outstrips supply. If you want less fragility, there has to be a way to be paid for providing reliable supply in times of disruption.
    - greedo 4y ago
      We invented this thing a long time ago that we call warehouses. We store stuff in them, and when needed, we ship from them to stores. Warehouses are no fun anymore, everyone wants things shipped overnight etc. So they outsource their distribution. Oh and greed? Yup. Look at the profit margins for the Exxon this year. For any of the Fortune 500. Last year and this year will be banner years for big corporations that have raised prices either directly or through "shrinkflation." They're loving it, while consumers get the shaft, and the Fed gets the blame.