2 ms·
As long as there is competition the prices will be low (eventually). Labor is almost always the most expensive part of any service and these technologies reduce
by standardUser 3y ago
As long as there is competition the prices will be low (eventually). Labor is almost always the most expensive part of any service and these technologies reduce the need for labor considerably.
- hypothesis 3y ago> As long as there is competition the prices will be low (eventually). We don’t have to wait here. Is BigCo lowering prices on YouTube subs? Are they lowering ad spend for people? You could claim that they’re a monopoly in those cases, but then that would undercut your expectations above.
- GeneralMayhem 3y agoThat's only true if there's competition with similar costs, though. Uber and Lyft can't reduce prices without collapsing, so Waymo has no incentive to charge anything less than what they charge minus one cent and they'll have all the demand they can handle.
- standardUser 3y agoI am assuming this technology will not be hoarded by a single company indefinitely.