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Started By
Message
re: Price Increases are Exhausting
Posted on 2/8/24 at 2:09 pm to msutiger
Posted on 2/8/24 at 2:09 pm to msutiger
I suspect this has more to do with the collapse of tech funding. Many of the products we were enjoying the last decade were losing money and burning through investor cash. Now that the cash has withdrawn, the products increasingly have to stand onto their own. Hard on the consumer and the business, since the business conditioned their customers to expect these cheap prices.
Posted on 2/8/24 at 2:13 pm to Teddy Ruxpin
quote:
I suspect this has more to do with the collapse of tech funding. Many of the products we were enjoying the last decade were losing money and burning through investor cash. Now that the cash has withdrawn, the products increasingly have to stand onto their own. Hard on the consumer and the business, since the business conditioned their customers to expect these cheap prices.
Borrowing "for free" is over - debt service is a motherfricker.
"Wait - we have to MAKE MONEY with this thing?"
Posted on 2/8/24 at 2:14 pm to Teddy Ruxpin
I have 10 or so wyze cameras that were free storage etc. Now I have 10 or so wyze cameras that don't have cloud storage. Not paying for that.
This post was edited on 2/8/24 at 2:14 pm
Posted on 2/8/24 at 2:15 pm to msutiger
quote:
SaaS company raising pricing 70% in 18 months.
People are starting to wake up to the reality that all the tech bullshite they’ve gotten accustomed to in the last 10ish years (uber, airbnb, door dash, streaming etc etc) wasn’t really that cheap, it was heavily subsidized by cheap VC money.
General inflation plays its part, but this particular sector of the market is much more driven by long term investors demanding profitability after a decade of burning billions in pursuit of marketshare.
Posted on 2/8/24 at 2:15 pm to msutiger
quote:
The only motion my ring camera is going to detect is me leaving their service.
Good on you.
quote:
Thankfully I only have one camera but frick these companies. I get it, it is less than a dollar per month but that isn’t the point. There are a lot of people using inflation as an excuse to rapidly increase margins.
Oh nevermind. You're going to keep paying for a stupid service while being gouged. You're the problem.
Posted on 2/8/24 at 2:17 pm to FredBear
quote:
Bidens* America
he sure as hell didn't make it better but with the out of control spending the last 20 or 30 years this was inevitable. The blame isn't on any one guy.
Posted on 2/8/24 at 2:21 pm to msutiger
My shotgun by the back door price remains the same
Posted on 2/8/24 at 2:23 pm to JohnnyKilroy
quote:
People are starting to wake up to the reality that all the tech bullshite they’ve gotten accustomed to in the last 10ish years (uber, airbnb, door dash, streaming etc etc) wasn’t really that cheap, it was heavily subsidized by cheap VC money. General inflation plays its part, but this particular sector of the market is much more driven by long term investors demanding profitability after a decade of burning billions in pursuit of marketshare.
the idea of the collapse of the bullshite tech / service industry is borderline euphoric for me.
i was talking to a guy who is a driver one of those food delivery apps the other day and he told me it's not unusual for him to deliver like a single milkshake or something to someone and that it's like $15 or something
Posted on 2/8/24 at 2:26 pm to msutiger
quote:
frick these companies
yeah frick the companies for raising their price because all the parts suppliers are going up and non skilled workers think they deserve $15/hr
This post was edited on 2/8/24 at 2:27 pm
Posted on 2/8/24 at 2:26 pm to FredBear
I would be curious to hear those downvoting, and what they think ole Brandon is doing to make things better?
Just keep voting that way until we all have nothing.
Just keep voting that way until we all have nothing.
Posted on 2/8/24 at 2:28 pm to msutiger
Thanks to everyone who demanded to shut down the country over a spicy flu and demanded to be given free money.
Free money ain't free.
Free money ain't free.
Posted on 2/8/24 at 2:30 pm to redneck
quote:
yeah frick the companies for raising their price because all the parts suppliers are going up and non skilled workers think they deserve $15/hr
parts suppliers are companies too.
no doubt that there are legit reasons that many companies are raising prices, but there are alot that are taking advantage of establishing "new normal" pricing that will absolutely never come down. hell, they'd be stupid not too, really.
Posted on 2/8/24 at 2:34 pm to msutiger
The number of people thinking and/or hoping that 2024 prices will magically go back to 2019 prices if Trump is elected is just ditzy and child-like and retarded. The only way that it could theoretically happen is if the United States hit its worse economic rough patch since the Great Depression.
You might as well believe in the Easter Bunny or the fricking Tooth Ferry.
You might as well believe in the Easter Bunny or the fricking Tooth Ferry.
Posted on 2/8/24 at 2:35 pm to greenbean
quote:
Folks are still spending money left and right. We toured the East Cost in June, every restaurant full, every train ride full, every plane full, every attraction full.
Signs of a good economy, almost like Biden's Economic plans are working...
Posted on 2/8/24 at 2:36 pm to msutiger
I’ve had blink for years now and pay no fee. I don’t know if I got grandfathered in. Sends all videos to my phone where I can save them.
But yeah.
But yeah.
Posted on 2/8/24 at 2:36 pm to Bonkers119
quote:
Biden's Economic plans
What exactly are those?
Americans having a spending habit isnt one
Posted on 2/8/24 at 2:37 pm to Bonkers119
quote:
Signs of a good economy, almost like Biden's Economic plans are working...
or signs that people have accepted that the future is looking very bleak and have just said frick it, let's enjoy the moment.
Posted on 2/8/24 at 2:37 pm to LSU Neil
quote:
I would be curious to hear those downvoting, and what they think ole Brandon is doing to make things better?
Definitely not a Biden fan, but the U.S. economy is faring better than just about any other OCED/first world country in terms of inflation and labor.
It's a global problem that the brightest economic minds and policy makers all over Europe and Asia can't figure out. But supposedly Donald Trump will be able to come in and wave his hand like a Jedi and everything will magically get better.
On another note, I play cards with a group of builders and contractors. The consensus is that they all have a 3 or 4 month waiting list on projects and they've never been busier.
This post was edited on 2/8/24 at 2:39 pm
Posted on 2/8/24 at 2:37 pm to dcrews
quote:
quote:
the WH press secretary
Politicians have always been known to be dishonest, but I have never, and I mean NEVER, seen someone lie like the current WH press secretary.
Part of the job of being president is to take the blame for inflation and anything that goes wrong but unless you are outside the norm you can take your first hourly rate of pay or salary divided by 52 divide 40 and enter the amount in an inflation calculator and odds are pretty good you aren't making a helluva lot more than you were then...the difference is in your experience etc., most likely people in entry level positions now doing what you do are making less than you were. This is especially true if your first job goes back to the 1980s. In 1980 the minimum wage was $3.10. That was $11.46 in 2023. From 1980 - 2015 wages were basically stagnant in the US. They have outpaced inflation slightly since 2015. At the low end they have been devastated since 1980 - minimum wage today is 63% of what it was in 1980.
Posted on 2/8/24 at 2:41 pm to Northshore Aggie
quote:
lol jeez dude, what did you get? i know prices are way up, but what did you have in three small bags that was $180 at walmart? nothing but ribeyes and video games?
Diapers, underwear, shampoo. That was like $$80+ just right there. Batting helmet for my son ($23). Sinus medicine for my stepdaughter (~$25). Plus a couple of other small things. None of it was "name brand" shite, and all of it was at WM. Yet still, $180.
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