alt Hacker NewsIt almost certainly is. Once people get used to the higher prices, and the companies see that the units sell anyway, there is no meaningful incentive to lower costs again.
This has played out time and time again during every other supply-side shock. Once prices go up, they don't come back down.
Replies
bigstrat2003 • yesterday at 6:35 PM
That's not true. We've seen prices from supply shock go back down (the increase in hard drive prices when there were floods in Asia 10-15 years ago comes to mind as an example). It does take a while, but it will happen eventually.
➕ show 1 reply
drstewart • yesterday at 7:09 PM
How much are a dozen eggs at your local store? Curious to stress test your theory. I assume they're at least $10/dozen?
➕ show 1 reply
Televisions literally feel in price every year for 40 years.