alt Hacker News"race to the bottom" is the negative framing of "competitive market prices".
So a company or union might say "this is a race to the bottom" when someone new enters their market, but to people buying their services this might be seen as welcome competition.
Do you actually see a negative impact from competition in this area? Or do you just mean competition will further reduce prices?
Replies
pinkgolem • last Sunday at 8:00 AM
You can only outlaw stuff in your own countrys..
And if cheaper access is an advantage, other countries will surpass you
"race to the bottom" is also a response to a "market for lemons". It's not necessarily a good thing because while pricing drops to the floor so also does value to the customer in general. Usually it happens when price is very visible but the details of what the buyer actually receives are not.