3 ms·
People are complaining, loudly, about pricing. Demand for staples is just inelastic. Every person I know who isn't making a comfortable salary (6 figs+ in Calif
by riversflow 3y ago
People are complaining, loudly, about pricing. Demand for staples is just inelastic. Every person I know who isn't making a comfortable salary (6 figs+ in California) constantly complains about having no money and taking a significant QoL hit because of CoL prices.
- s1artibartfast 3y agoComplaining does nothing. Shopping behavior does. 99% of goods, even 'staples' have cheaper alternatives that people don't buy. If they were truly inelastic, there would be no limit to prices If they were