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Depending on how bad the hike is, maybe? You're essentially arguing that consumers are unresponsive to price increases which just isn't true. If the hike is ba
by Spivak 2y ago
Depending on how bad the hike is, maybe? You're essentially arguing that consumers are unresponsive to price increases which just isn't true.
If the hike is bad enough we might see a return to kitchen electrics that don't use microcontrollers at all. Unironically good news if you want physical buttons again.
- throw0101a 2y ago> Depending on how bad the hike is, maybe? You're essentially arguing that consumers are unresponsive to price increases which just isn't true. I'm arguing there are items that are less elastic when it comes to prices: * https://www.investopedia.com/terms/p/priceelasticity.asp https://www.investopedia.com/terms/p/priceelasticity.asp Someone lives in the US, which is addicted to sprawling, car-centric suburbs. Car prices go up. What are they going to do? Walk? Bike? Take public transit? (Which is one of the arguments for (so-called) 15 minutes cities: it gives people more freedom to choose their mode of transportation instead of forcing one particular mode.) Are you not going to buy a refrigerator when yours break down and food starts going bad? While they can stretch out the depreciation/lifespan schedule, are business going to stop buying laptops and servers? If their (capex) costs go up, are the businesses going to eat that cost or pass it on to their customers?