4 ms·
If you have a wait list, the price isn't high enough
by Wolfenstein98k 3y ago
If you have a wait list, the price isn't high enough
- fshbbdssbbgdd 3y agoOr maybe you value the consistency of full enrollment that comes with a waitlist over the additional revenue you could earn with higher prices. Could be the case if there are high costs to changing the size of the business. Imagine there’s a law that you can only have 4 children per caregiver. Your capacity is 8. Lose one and your revenue is down 12.5%
- truckerbill 3y agoA good example of where free market ideology falls flat
- eru 3y agoHow so? This doesn't have much to do with a free market. The same applies if eg the government provides a service for a fee, or otherwise gates access to something. Eg H-1B visas to the US should arguably be auctioned off.
- Wolfenstein98k 3y agoYou can't criticise free markets where there is no market, let alone a free one. "Supply and demand" is not a free market claim, it is accepted by everyone. I'm just pointing out that the NHS exchanges monetary cost with temporal cost - you're paying with your time rather than your dollars, for access. You're also paying dollars via tax, but that's unrelated to access. A nation can accept or even demand this trade-off, and many do - but support tends to drop when it is made explicit.