alt Hacker NewsPrices are constrained by demand moreso than by cost of production. Lego pieces are expensive because they can be, they still sell, and this is largely due to the quality. As long as the quality moat persists, they can charge as much as people will pay, and--good for them!
That you personally would prefer lower prices does not mean they "should" be lower. Those lower costs of production, to Lego company, "should" mean higher profits, not lower prices, and again--good for them!
> As long as the quality moat persists
The risk Lego faces is that they don't actually have a quality moat any longer. You can get non-lego sets with no stickers, plenty of prints, LED lighting, at a cheaper price, and with the exact same piece quality. I purchased this set: https://www.lumibricks.com/collections/steampunk-world/produ... over Christmas, and I paid $105 because it was on sale. The pieces were indistinguishable from Lego in quality, and the lights and lack of stickers was a quality increase from what Lego offers.
What moat Lego has is: brand recognition and licenses. Which aren't nothing, but don't offer much protection.