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If you want to boycott every corporation that is trying to increase profits, you will lead a highly ascetic life. That said, what you are saying isn't entirely
by NoboruWataya 3y ago
If you want to boycott every corporation that is trying to increase profits, you will lead a highly ascetic life.
That said, what you are saying isn't entirely untrue, and in fact is considered conventional wisdom by many. If everyone was a lot more price sensitive and more willing to forego discretionary spending, then yes, profit margins and prices would probably be lower. When boomers talk about millennials and their avo toast, this is what they are talking about.
- abeppu 3y agoI don't think people need to fully boycott every company -- but we can deliberately attempt to decrease companies' pricing power by: - voluntarily reduce discretionary spending across categories - within each product category, try to spend most on the company with the thinnest margins (which may not be the cheapest)
- pnt12 3y agoOlder generations always critize younger, that has little to do with inflation and price sensitivity. The boomer doesn't like avocado toast, so they don't understand how someone would pay money for it. But it's likely they are also buying stuff milenials have no interest in.