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There is generally a negative connotation to race to the bottom. The Investopedia definition captures this: The race to the bottom refers to a competitive situ
by jibe 4y ago
There is generally a negative connotation to race to the bottom. The Investopedia definition captures this:
The race to the bottom refers to a competitive situation where a company, state, or nation attempts to undercut the competition's prices by sacrificing quality standards or worker safety (often defying regulation), or reducing labor costs.
- jonplackett 4y agoThanks. Yes this is what I'm trying to say - a race to the bottom is about companies seeing how crap of a service they can give you that you're still willing (or have little choice) to pay for. This appears to the the exact opposite, a race to provide more services and more features for a lower price, based on optimising and/or lower profit margins. AKA Capitalism actually working for a change.